Eurozone crisis could rip EU apart

Business > Economics

Published: 14/09/2011 at 08:33 PM
Online news: Economics

The eurozone debt crisis now threatening banks could destroy six decades of post-war European integration, top EU officials warned on Wednesday.

Polish Finance Minister Jacek Vincent Rostowski, has said that the 60-year-old European Union could be torn apart by the eurozone debt crisis, as the risk of Greece defaulting grows.

The dire warning that post World War II Europe risks disaster came shortly after Moody's credit rating agency downgraded two French banks and as financial markets increasingly calculate the domino damage if Greece defaults.

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: Writer: AFP News agency; Position: Agence France-Presse

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yik
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Discussion 3 : 15/09/2011 at 10:58 AM3
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"The Dark Side" --- thank you very much for your far more precise "definition", I just didn't dare ...
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The Dark Side
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Discussion 2 : 14/09/2011 at 10:18 PM2
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yik,

well said with exception of your last sentence.

Politicians could not manage a trip to the toilet if it were not for the directional signs pointed out to them on their journey.
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yik
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Discussion 1 : 14/09/2011 at 09:00 PM1
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The "EU idea" was initially, long ago, a pretty good idea. But "growing" the union, by letting, more and more, "rather weak" satelite nations, join the, what they saw, "safe haven" was a tick unsmart and now becomes more and more a very costly nightmare! Polititians mostly are miserable managers!
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Eurozone crisis could rip EU apart | Bangkok Post: business