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Germany should have quit the euro zone to help boost its indebted counterparts in the currency union, according to billionaire investor George Soros, who discussed the future of Europe at an event in London on Wednesday.
"(This is) endangering the European Union from what it is meant to be, namely a voluntary association," he said. "(It's changed into) something that is radically different, into a creditor debtor relationship."[
Meanwhile, Financial Times columnist Martin Wolf says the eurozone faces a high risk of deflation.
In the year through February, eurozone inflation totaled 0.8 percent. "This is hardly close to 2 percent," the European Central Bank's target, Wolf writes. "It is also highly dangerous. . . .
he eurozone is just one negative shock away from deflation
reply to post by maddy21
Egads! The euro isn't decreasing in value fast enough, if we aren't careful it could actually become more valuable!
Oh the humanity!
I need to leave the UK before it turns into that scary police state I always see in movies and in comics. Being on an island kinda sucks when the government realises nature built them the best prison ever.