Battered but intact, the euro mounts a comeback
Posted by seumasach on October 11, 2012
The simple reality is that however bad Euroland may be the US/UK is far worse. This is the secret of the partial revival of the Euro since, if anything, the problem of European leadership has worsened with the election of the pathetic stooge, Francois Hollande. Euroland awaits a leadership which can rebuild the real economy,free it from US tutelage and engage constructively with Russia, China and the emerging Global South
9th October, 2012
Three years ago this month, a newly elected government in Greece revealed that it had inherited a budget deficit far greater than had been reported. The previous conservative administration, it alleged, had lied about the magnitude of Greece’s fiscal gap.