Monday, November 22, 2010

Euro finance

I stole this chart from Stanley Black's excellent article on the Eurozone problems.  As the crisis unfolds, the debtor countries get worse and the creditors get better, they diverge.  Whoops!  Trying to fix things, they made them worse.

I still like the Eurozone though, the Euro is OK on the continent.  After centuries of forced military labor movement, the continentals have settled down.  Ireland doesn't fit, Ireland should peg to the British currency, a better fit.

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