Friday, December 03, 2010

My Way News - Debt crisis is changing Europe's currency union
My Way News reports: "Europe and the euro will never be the same. The debt crisis is forcing governments to rewrite some of the eurozone's most fundamental rules. While some see the current turmoil as the slow-motion wreckage of the common currency bloc, others maintain Europe will have the political resolve to keep it together and even bring it closer together."

Comment: Perhaps it will splinter into a small core of fiscally responsible members under German leadership with a larger set of debtor members who no longer carry the weight or privileges of being full members.

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