February 9, 2015

THERE IS NO EUROPE:

Alan Greenspan: The euro is doomed (Patrick Gillespie, 2/09/15, CNNMoney)

The former Federal Reserve Chairman told the BBC that Greece's best course of action is to leave the Eurozone. But Greenspan didn't stop there. He predicts Greece's exit is the beginning of the end for the euro.

"Short of a political union, I find it very difficult to foresee the euro holding together in its current form," Greenspan told the BBC's Mark Mardell on Sunday.

Greenspan went as far as to say the world would be better off without the euro. He says the currency union is too complex unless Europe decides to have one unified governing body to call all the shots.

Posted by at February 9, 2015 4:31 PM
  

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