Nov
24th
Tue
24th
Hard Times For EU Grasshoppers
Ambrose Evans-Pritchard talks about Greece coming sovereign debt crisis, but could as well be talking about Italy:
Euro membership blocks every plausible way out of the crisis, other than EU beggary. This is what happens when a facile political elite signs up to a currency union for reasons of prestige or to snatch windfall gains without understanding the terms of its Faustian contract.
