What is truth?

English: Various Euro bills.

English: Various Euro bills. (Photo credit: Wikipedia)

By Matthew Lynn

LONDON (MarketWatch) — The most pressing question about the euro crisis is also the hardest one for anyone to answer. It is easy to analyze why the single currency has gone so badly off the rails, pick apart the flaws in its construction, and identify the mistakes made in the endless bailout packages. But how will the saga eventually resolve itself?

No one can know for sure. There are so many actors on the stage and so many conflicting ambitions and pressures on each of them that every prediction has to be hedged with uncertainty.But here’s how it might come to a head over the summer: a “Spanic,’ followed by a “Quitaly,” followed by a “Fixit.” A fresh panic in Spain, might be followed by rising demands for Italy to quit if it doesn’t get the same terms its Mediterranean neighbor has been offered, followed by a Finnish departure from the euro

full article at source: http://www.marketwatch.com/story/how-tiny-finland-could-bring-euro-crisis-to-end-2012-06-13?link=MW_popular

Tag Cloud

%d bloggers like this: