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Germany’s left is beginning to doubt the single currency

Posted on 17 July 2013

Until Oskar Lafontaine’s surprise interjection, EMU-bashing was the domain of Germany’s right. Now, what can the UK left do? Europe is deeply troubled, and the trouble is not going away. The problem is at its worst in the eurozone, where unemployment is above 12%, while youth unemployment in Greece and Spain exceeds 60%.
Britain is also stuck in the mire and the economies of central and eastern Europe lack dynamism – hardly surprising since the eurozone is underperforming. The legitimacy of the EU has declined and there is a rising tide of virulent rightwing euroscepticism………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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