TRYING TO DRINK THEMSELVES SOBER:

OECD slates eurozone for 'lack of dynamism' (Scheherazade Daneshkhu, July 27 2004, Financial Times)

Membership of a single currency has failed to inject dynamism into the economies of the eurozone or to raise their long-term growth rate, the Organisation for Economic Co-operation and Development said on Tuesday.
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In its most critical report on the eurozone's economic performance, the Paris-based body said the first five years of European monetary union had been "more challenging than expected".

The eurozone had been "disappointing" in its lack of resilience to shocks, and its income gap against the OECD's best-performing countries remained large and widening.

The truly amusing thing is that they think making all of Europe more like France and Germany will improve things.

Posted by Orrin Judd at July 27, 2004 8:53 PM