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The Forum > Article Comments > The euro: a man-made disaster > Comments

The euro: a man-made disaster : Comments

By Michael James, published 10/11/2011

Setting interest rates to suit Germany's economy has been a disaster for other Eurozone countries.

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The Greeks did not just run up unrepayable debt they, with the
conivance of Goldman Sachs, fiddled the books so some of the debt did
not look like debt.

The article, not surprisingly, does not go into what the effect of
zero growth will be. Most financial people are unaware of why growth
is languishing at such low figures. Most of the activities of the
central banks etc are aimed at increasing growth, but it just sits at
its very low levels no matter what boosting is attempted.
Posted by Bazz, Tuesday, 15 November 2011 2:45:28 PM
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