... and it's all the fault of the Germans with a bit of help from the French and Gordon Brown:
http://www.bbc.co.uk/news/world-europe-16761087
Quote:
Who is to blame for starting the current crisis in the eurozone? Greece? Italy? The real answer may lie further north.
It was not the behaviour of the eurozone's southern members that first plunged the single currency into crisis.
There was, from the beginning, a way for the EU to police the economies of member states by following the rules that had been laid down for the single currency in the Maastricht Treaty.
It was called the Stability and Growth Pact, and it was not Italy or Greece that torpedoed it - it was Germany.
|
http://www.bbc.co.uk/news/world-europe-16761087