Thread: Eurozone will collapse...
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Old 22-03-2013, 12:16   #1163
Damien
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Re: Eurozone will collapse...
Quote:
Originally Posted by Osem View Post
Makes you wonder why was Cyprus ever admitted into the Euro-club doesn't it. The empire builders well and truly took their eyes off the ball for some strange reason...

http://www.bloomberg.com/news/2013-0...euro-area.html
..

Quote:
Recall that Iceland was far better able to withstand the collapse of its banking industry precisely because it hadn't adopted the euro and could devalue its own currency.
It helped that they basically screwed over Foreign depositors.
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