Thursday, August 19, 2010

Can the Center Hold ?

The sharply different unemployment trends between Germany and the other big three economies of continental Europe does not bode well for the future of the Euro currency.

From a purely geopolitical perspective - it's one thing if Greece is falling apart, because they can be bullied around if the larger economies are all on board. It's another story if a country like France, with the world's 5th largest nominal economy, isn't happy.

I can't see this trend continuing, and the Euro surviving.

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