Wednesday 22 October 2014

How Germany and the euro are keeping Europe in recession

POLITICAL ECONOMY
How Germany and the euro are keeping Europe in recession
Washington DC (UPI) Oct 19, 2014 - Europe faces yet another recession, and the prospect is shaking global financial markets. To eliminate the persistent threat of collapse, Europe must drop the euro, and Germany must abandon mercantilism. When the euro was adopted in 1999, domestic prices - the face values for bonds and loans - and bank accounts were translated into euros according to prevailing exchange rates for nati ... more


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