The Euro's a Currency Doomed to Failure

The JournalMay 06, 2009

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Summary


BANKING is too important to be left to bankers and the effects of the crisis they've helped cause will be felt for generations.

That's the conclusion of a committee of MPs, who pointed out last week that the crisis was caused largely by the reckless behaviour of the banks themselves.

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Extract


The Euro's a Currency Doomed to Failure

As most small business operators will confirm, the risks were taken with reckless domestic mortgage lending, along with irresponsible high risk strategies in the com...

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