“The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump.
Currency pegs are being tested to destruction on the fringes of Europe’s monetary union in a traumatic upheaval that recalls the collapse of the Exchange Rate Mechanism in 1992.
“This is the biggest currency crisis the world has ever seen,” said Neil Mellor, a strategist at Bank of New York Mellon.”
I did not fully realize how bad off most all of europe was in this banking and currency crisis. I thought the U.S. had the biggest dolts for bankers. Turns out the haughty european countries were just as dumb.
Somehow, I feel better now.
I did not fully realize how bad off most all of europe was in this banking and currency crisis. I thought the U.S. had the biggest dolts for bankers. Turns out the haughty european countries were just as dumb.
Somehow, I feel better now.
I did not fully realize how bad off most all of europe was in this banking and currency crisis. I thought the U.S. had the biggest dolts for bankers. Turns out the haughty european countries were just as dumb.
Somehow, I feel better now.
I did not fully realize how bad off most all of europe was in this banking and currency crisis. I thought the U.S. had the biggest dolts for bankers. Turns out the haughty european countries were just as dumb.
Somehow, I feel better now.
I did not fully realize how bad off most all of europe was in this banking and currency crisis. I thought the U.S. had the biggest dolts for bankers. Turns out the haughty european countries were just as dumb.
Somehow, I feel better now.
first off, having one central bank for so many diverse economies is a disaster. I have been to much of Western Europe and parts of Eastern Europe like Slovakia that are part of the EU. Slovakia (slated to join Eurozone in Jan) is so backward compared to say Germany I don’t understand how a single economic policy can cover both countries successfully.
first off, having one central bank for so many diverse economies is a disaster. I have been to much of Western Europe and parts of Eastern Europe like Slovakia that are part of the EU. Slovakia (slated to join Eurozone in Jan) is so backward compared to say Germany I don’t understand how a single economic policy can cover both countries successfully.
first off, having one central bank for so many diverse economies is a disaster. I have been to much of Western Europe and parts of Eastern Europe like Slovakia that are part of the EU. Slovakia (slated to join Eurozone in Jan) is so backward compared to say Germany I don’t understand how a single economic policy can cover both countries successfully.
first off, having one central bank for so many diverse economies is a disaster. I have been to much of Western Europe and parts of Eastern Europe like Slovakia that are part of the EU. Slovakia (slated to join Eurozone in Jan) is so backward compared to say Germany I don’t understand how a single economic policy can cover both countries successfully.
first off, having one central bank for so many diverse economies is a disaster. I have been to much of Western Europe and parts of Eastern Europe like Slovakia that are part of the EU. Slovakia (slated to join Eurozone in Jan) is so backward compared to say Germany I don’t understand how a single economic policy can cover both countries successfully.
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