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