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Will the Euro survive?

By Alliance Alert

Paul Belien writing at Hudson New York: "With Greece facing bankruptcy, the fears about Greece's financial situation have led to a drop in value for the euro. Last week, the finance ministers of Germany and the Netherlands - the two eurozone countries which in pre-euro days had the strongest currencies in the EU: the German mark and the Dutch guilder - announced that they will not help Greece solve its problems . . . British Eurosceptics fear that if Greece, which represents 3% of EU GDP, is bailed out, other eurozone countries facing financial difficulties (Spain, Portugal, Italy) might claim the same treatment. This, they say, would saddle Britain with a bill of £50 billion to save a currency in which the Brits have never believed."

Full post as published by Constitutionally Correct on January 28, 2010 (boomark / email).