from The Daily Bell:
Reports of the survival of the eurozone may have been greatly exaggerated … Like Mark Twain’s death, forecasts of the euro’s demise have proved premature. Yet at the heart of the simmering crisis lie two debilitating problems with the potential for a devastating interaction. The first is a loss of competitiveness by the peripheral countries, that has left them with depressed levels of GDP and high rates of unemployment. The second is appallingly high government debt. – Telegraph UK
Dominant Social Theme: Things will be okay. Trust us.
Free-Market Analysis: Unlike many mainstream publications, the UK Telegraph often takes an idiosyncratic view of mainstream wisdom, at least when it comes to the European Union. And this article is no exception. It debunks at least some of the latest elite narrative regarding the EU.
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