The Demise of the Euro

Tiomkin, Avi
April 2008
Forbes Asia;4/21/2008, Vol. 4 Issue 7, p108
The author argues that it is only a matter of time until the euro experiment meets its end. The financial crisis in the U.S. is hastening the process, as investors flee the dollar, pushing the euro to a price of $1.59. He believes that what will undo the euro is the mounting tension between the inflation-obsessed German bloc and the Latin bloc of France, Italy and Spain. The Germans remain singularly focused on fiscal and monetary discipline. They insist that the European Central Bank maintain a tight monetary policy.


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