Greece is in trouble
http://www.bloomberg.com/apps/news?pid=20601087&sid=auLLhrWZiKi8&pos=8
A fine mess in Greece. This could be start of a major unraveling of the Euro..the end of the unified monetary unit as it becomes painfully obvious that a currency whose value and stability relies on the fiscal management maturity and discipline of 27 different countries..all with their own governments, culture and economy, cannot stand.
On the plus side this may finally make travel to Europe affordable again as we start to see countries with enormous debt who switched to the Euro such as Spain and Portugal return to their native currencies, with extremely favorable exchange rates against the perhaps ironically more stable US Dollar.
A fine mess in Greece. This could be start of a major unraveling of the Euro..the end of the unified monetary unit as it becomes painfully obvious that a currency whose value and stability relies on the fiscal management maturity and discipline of 27 different countries..all with their own governments, culture and economy, cannot stand.
On the plus side this may finally make travel to Europe affordable again as we start to see countries with enormous debt who switched to the Euro such as Spain and Portugal return to their native currencies, with extremely favorable exchange rates against the perhaps ironically more stable US Dollar.