The euro was always a bad bet

posted by
November 14, 2011
Competitive Enterprise Institute
by Iain Murray  
Posted in Commentary

"Rumors are flying around Europe that Chancellor Merkel of Germany and President Sarkozy of France are making plans for a smaller eurozone, including provisions for expelling a member. British Prime Minister David Cameron has instructed his cabinet to make contingency plans for the break-up of the eurozone. (Britain is not in the eurozone, but London is home to the biggest financial center in Europe, and so will be deeply affected by any break-up.)" (11/14/11)

http://cei.org/op-eds-articles/euro-was-always-bad-bet  

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