Category: Currency Currents
- Published: 09 December 2009
- Written by Editor
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.