Friday, February 12, 2010

Eurozone Slipping

From Yahoo News:
"Euro currency union showing strains"

I have written about this before. I think the EU has allowed its enlargement too quickly. It seems the EU just wanted to get as many countries it could to join with no consideration of each country (both member and would-be member.) Along those same lines the Eurozone countries were set-up too quickly. Now the EU as a whole (along with the Eurozone) as a big problem with certain member countries (like Greece, Portugal, etc) on spending/budget policies and has decided to do nothing to help bail-out the countries in question. You would think that allowing an EU and a Eurozone country to falter would cause all the other member-states equal problems. The Euro is slipping in value (which is good for the US Dollar.)

http://news.yahoo.com/s/ap/20100212/ap_on_re_eu/eu_european_disunion;_ylt=Alrt7cNj.i9fBU

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