Category: Currency Currents

Uht oh—Euro!

ECB fiddles while Athens riots. It just doesn’t work as well as “…Rome burns.” But I think you get the picture:

“Greece's case could present the European Central Bank and the European Union with a dilemma: whether to bail out the country or possibly see a euro-zone member face a debt crisis. The first course could reduce the pressure for fiscal discipline, while the second could damage the credibility of Europe's great single-currency experiment,” according to a story today from The Wall Street Journal.

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