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Blog Archive ? Greenspan: Why European Union Is Doomed to Fail

-- expats
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10/25/11 14:40
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Blog Archive ? Greenspan: Why European Union Is Doomed to Fail

Thank author of this post/comment25-Oct (CNBC) - The European Union is doomed to fail because the divide between the northern and southern countries is just too great, former Fed Chairman Alan Greenspan told CNBC in a recent interview. "At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn't," Greenspan said.

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