August 20, 2012
"Eurozone threatened by Greece, Spain and the ECB itself"
Weekly doom for the euro from Wall Street Journal. Nicholas Hastings writing:
"The euro is sitting on a three-legged stool and all three of the legs could snap at any time.
Greece’s deficit position is deteriorating even more rapidly than expected with Athens once again seeking an extension to its budget-cutting plans.
Spain is still in a stand-off with the European Central Bank, hoping that by delaying a formal request for a bailout the country will be able to avoid any new onerous austerity measures.
And the third leg is the ECB itself, with its proposal for using government bond purchases to help cap the funding costs of weaker debtor nations in the euro zone."
Parthenon Temple on the Acropolis of Athens Greece Artwork Wall Decor 5 Pieces Canvas Modern Painting Wall Art Home Decoration for Living Room Pictures HD Printed Framed Ready to hang(60''Wx40''H)
Create Amazon Business Account - save time and money on business purchases with competitive B2B prices and discounts