Thursday, May 23, 2013

The Chronic Crisis That Is The Euro

http://www.capitalspectator.com/archives/2013/05/the_chronic_dis.html

Nice blog post on the EURO

Lars Seier Christensen, the co-chief executive of Saxo Bank, thinks it's only a matter of time before the euro passes into history as another failed experiment in the dark art of monetary machinations."It is the renewed reality for traders and investors," he advised at a Bloomberg conference last week in London. "The euro is a doomed currency and a lot of people knew that already when it was introduced. Rationality needs to return to the Eurozone. If it doesn't, recession will turn into depression."

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