Dr. Peter Morici: Euro is a cruel hoax on Mediterranean nations
Dec 2nd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Dr. Peter Morici: Euro is a cruel hoax on Mediterranean nations; Federal Reserve assistance to shore up Europe’s sagging banks may be good geo-politics but it is bad economics. Only abandoning the euro, not printing money and Teutonic austerity, will fix Europe’s banks and economies.