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EU Economics: Is 2011 the year the euro will fall?
9th January 2011
BBC Newsnight discusses in this video report whether the Euro Area can continue in its current state during 2011. This may well be a make or break year for the single currency and Paul Mason focuses on the problems facing the slow growing, mass unemployed Spanish economy. I liked this phrase “Europe faces a debt problem at it’s periphery and a credibility problem at it’s core”. Sounds like a cracking essay title!
Timetable of the euro-showdown
There is a really good piece here in the Globe and Mail on the difficulties facing the Euro Area - it is a long way from coming close to being an optimal currency zone.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.