Sunday, May 23, 2010

Whatever Germany does, the euro as we know it is dead

Whatever Germany does, the euro as we know it is dead - Telegraph
By any legitimate measure, Greece was unworthy of eurozone membership. That it achieved card-carrying status was down to the sleight-of-hand skills of its Brussels fixers and the acquiescence of central bank bean-counters. Now we know the truth, jet-hosing it with yet more debt makes no sense. Another dose of funny money will delay but not extinguish the need for austerity.

Comments: Catchy title. The freeloaders will always drag you into the ditch if you let them. Are you listening progressives? Not that common sense will have any influence on your Utopian quest.

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