Monday, April 8, 2013

Thatcher on the Euro

Business Insider goes to Margaret Thatcher's books to see the current problems with the Euro - detailed by Thatcher 20 years ago.
Basically, she outlined the problems with the euro perfectly, that Germany would chafe at the inevitable need for greater inflation, and that the poorer countries would inevitably be uncompetitive and need bailouts that would not easily be forthcoming.

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