Thursday, January 13, 2011

The Eurozone Crisis Explained

This link is to a long article by Krugman which explains the problems with a single currency that unites countries with very different economies and political structures. Krugman's specialization is in international trade. He does a great job in explaining the problems and the consequences of failure. Europe's economy is the size of the US economy. Anything that happens in Europe will have worldwide economic and political consequences.

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