TITLE

Greece Becomes the Weak Link For the Euro

AUTHOR(S)
EZRATI, MILTON
PUB. DATE
April 2010
SOURCE
On Wall Street;Apr2010, Vol. 20 Issue 4, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the lack of control eurozone nations have over the euro, which is their national currency, since governments have ceded the monetary aspect of sovereignty to the European Central Bank (ECB). It explains that eurozone debt is still more secure than corporate debt, since borrowers can still enjoy the resources of the International Monetary Fund. It also mentions that Greece, Portugal, Ireland, Italy, Spain, or any other nation in the eurozone do not have any influence on euro creation.
ACCESSION #
49093474

 

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