Wednesday, June 08, 2005

Euro and EU Trouble on the Horizon

Countries in the EU are considering using their own currency again. Italy especially is considering bowing out. This will only hurt what stability is left in the Euro. If the US fixes its deficit problem and China stabilizes then this is an even greater disadvantage for the Euro. The EU is also worried that countries like Poland and the Czech Republic will lose interest in joining because of this. And another harbinger of trouble is the no vote on the EU referendum in France and the Netherlands.

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