Anyway, the European, what would you call him, I say, I knew Tin Money Box that would happen. I am not Halloween decoration a financial genius. Not at all. It's just common sense, people. The euro is inherently unstable. pieces of fat and sauce, lamb in yogurt pita bread tightly folded down? Any person who never knows € in place, weakened just five minutes before the UPS Pita as nonfat yogurt drops and begins to collapse. That's why we are wrapped in aluminum foil.
And I never mean to € where they show in their portfolio. The last time I came to Europe, I ruined two pairs of pants the first day. Thank God for debit cards.

This explains the angry look I received from the Fund during my visit to Vienna in 2007.
The euro crisis is really about the viability of the common currency in Europe. There is an increasing likelihood that some or all European countries to their pre-Euro currencies will be restored.

Greece has been so, so much beyond their means during the first decade of this century. Nobody cares, because the world economy has increased, and credit was available.
When the economy has stagnated, but Greece has been criticized for € weakest link. Private investors are reluctant to Greece has increased Runaway to finance spending, as if long.In other words, Greece too big to fail. Therefore, the intensification of the European Central Bank and the International Monetary Fund to have a huge rescue package for Greece in the payment of its debt.
But here's the trick - Greece € waiver must be stable, but is not necessarily best for real people in Greece. Help came to the condition that Greece has been drastically reduced public spending. Since the government is an important part of the Greek economy, Greece, thus providing a deep and long term. Unemployment is going to explode and sink the wages will be.

The result was on the edge of Greece have sucked, but Greece monetary union with the rest of Europe, the suckiness worse this spring on debts.Defaulting failure. Greece is a euro-denominated debt, which means that their financial situation has a direct effect of both financially sound countries in the euro area as Germany, Finland and Luxembourg. Many banks are owed by Greece in Europe. losses of large banks would undermine the European economy the same way harm the U.S. economy.