August 20, 2011

Euro Doomed To Failure May Bring Down Good Economies

[From article]
"In Europe the past couple of decades, this hasn’t been a fanciful hope, it’s been a reality. A political and financial overclass engineered the adoption of the euro, based on one of the world’s most foolhardy delusions since the fall of the Berlin Wall: that you can have a common currency without a common country.
[. . .]
True to form, Greece lied about its fiscal indicators to get accepted into the euro, and kept right on lying once it joined the currency. Its national motto could be a paraphrase of the famous “Animal House” line: “You messed up -- you trusted us.”

http://www.nypost.com/p/news/opinion/opedcolumnists/the_expert_road_to_ruin_RZdmH6674pMwlki7PSTg3J

The ‘expert’ road to ruin
Behind the euro catastrophe
Rich Lowry
New York Post
Last Updated: 2:54 AM, August 19, 2011
Posted: 10:10 PM, August 18, 2011

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