June 29, 2012
Soviet Collapse Holds Lesson for Euro
Philip Stephens, Financial Times
The Soviets thought that doing nothing would preserve the status quo. They learnt subsequently that inaction is a decision like any other. To say that break-up of the euro would wreak havoc on the European and global economies will not of itself prevent it from happening.
TAGGED: Eurozone, Euro, Europe, Russia, Soviet Union