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What Really Caused the Eurozone Crisis?

Posted by
December 29, 2011

World leaders probably spent more time worrying about the eurozone crisis than anything else in 2011.

And that was in the year that featured the Arab Spring, the Japanese tsunami and the death of Osama Bin Laden. What’s more, 2012 looks set to be not much different. But as eurozone governments hammer out new rules to limit their borrowing, are they missing the point of the crisis?

Follow the path to find out.

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(ed. A very interesting article, but one has to wonder, how were they able to borrow and spend and run up exorbitant debts like drunken sailors?  Sound money would have cut off the tap.)

(ed. With apologies to drunken sailors.  At least they spend their own money.)