December 30, 2010
How Long Will Eurozone Survive?
Wolfgang Munchau, Financial Times
Quite probably we will see more funding crises, as some eurozone governments and banks seek to refinance their debts. We must also be prepared for a public backlash against what in several countries are the most extreme austerity programmes since the 1930s. The euro, even if it survives the year, will remain a source of political, economic and financial instability for the eurozone itself and the world as a whole.
TAGGED: Germany, Italy, Eurozone, Belgium, Spain