What was supposed to be the world’s currency from a grand plan that brought together the major European economies new may have more risk than ever. Remember, early on, after a shaky start the Euro bounced back and was slated to take over as the world as the central currency.
Once again, poorly calculated assumptions on top of shabby financial work with little or no accountability is creating a real problem for the Euro region. This is especially concerning as each of the Euro members have different motives and while there are many important reasons why all parties need to act in a concerted manner, it may not be the outcome as protectionism will probably prevail.
From the Wall Street Journal: