The Euro Aa A Common Currency Turned Out To Be A Mistake because the design of the system has no provision to deal fairly with unequal economies in times of stress. The euro crisis is a sequel to the crisis that began in 2008, when individuals, businesses, and nations were caught with excess debt they could not repay. The eurozone is caught with a second round of excess debt that will extend the pain into the indefinite future, and not just in Europe. Over the past two years, we have been watching an impending train wreck taking place in slow motion.
展开▼
