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The euro is on life support, and the on-off switch is in Frankfurt December 6, 2011

Posted by proeconomia in Fiscal policy, News on Greece, On the crisis, Opinion.
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He he, this nice one from Reuters was sent by our colleague Henry Thomson @ Auburn.

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1. Constantina Kottaridi - December 6, 2011

This is a very informative and compact article, revealing the fragility of any kind of agreement regarding a political arrangement for the EU. It is true that there is no credible threat for member states to keep on tighter austerity programs. The intermediation of the ECB is beneficiary at least for now, but how long can this go on?
Though Greece (and now Italy) is the ‘bad’ child of the EU, well… it has been the one to reveal the fragility of the Union and the incompetence of its leaders.


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