Sunday, September 11, 2011

Did the euro just enter its death throes?

http://www.americablog.com/2011/09/krugman-did-euro-just-enter-its-death.html





Friday we wrote about the striking down-move in the euro. (You can read that short piece here. Here's a short-term chart; here's a longer-term one.

The up-move that started in mid-2010, from $1.20 to $1.45(ish) is the eurozone trying to fix its problems by making sure troubled economies are able to make debt repayments to bankers.

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