EU Privately Freaking Out About Greece And The PIIGS Breaking Apart The Union
{ Posted on Jan 25 2010 by Gus Lubin }
While investors speculate as to whether Greece or the euro is going to crash, it's no surprise that parties in the EU are questioning their ties to both.
An internal report obtained by SPIEGEL warns that the differing competitiveness among euro zone countries is "a cause of serious concern for the euro area as a whole."
The report said that 'peripheral' countries Greece, Portugal, Spain, Ireland, and Italy would "jeopardize confidence in the euro and threatens the cohesiveness of the euro area."
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See Also:
- RBS: Here's Why Greece Will Ultimately Be Bailed Out By The Europeans
- Morgan Stanley: Greece Is A Trojan Horse That Threatens The Euro And The Credibility Of Europe Itself
- Reminder: The Worst Sovereign Isn't Greece, Iceland Or Ireland
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Dear Sirs,
I beg you the superior grace not to repeat the use of the acronym by which some people pretend to designate the (economics of) Mediterranean countries – “invented”, if I am not mistaken, by a schizophrenic creature that writes for the telegraph and passes to be a economist since the day he had the idea that Europe should have adopted the pound instead of the euro.
It is a rude, histrionic barbarity, adopted by barbarians. Please notice I’m not accusing this people of sleeping over their own vomit and/or urine. Just remembering that, at end of the day, I’ve seen a fair amount of compatriots of them that wouldn’t be proper to describe as unsoiled people.
I will not be ungraceful to the point of reminding the regrettable fact that those people exited the pig stalls were his ancestors used to live precisely because of the Mediterranean civilizations with whom they have learned almost everything that is worth to be known in this business of being alive.
I would suggest them to respect themselves in order to be worth of respect.