Thread: European mess
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Old 04-30-2012, 03:12 PM
kerry kerry is offline
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Join Date: Jan 2002
Posts: 18,350
Krugman claims that the austerity that Germany is imposing on the EU periphery countries is causing serious damage. I would think the Spanish, Irish, Greeks, etc will get increasingly frustrated with their inability to control their currency. I would suspect that once one of those countries abandons the Euro, others will be unable to resist following suite. I think there are some measures coming into existence in the near future to help alleviate these problems but I can't remember what they are so I have no opinion as to whether they will be effective.
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