Tuesday 6 September 2011

Comparing costs

In the end, actually, it should all come down to this - what is the cost and the benefit of supporting the Euro. And an UBS study says it all - it costs less to help Greece, Portugal and Ireland that all the associated costs of terminating the Euro. And, as the same study points out, besides costing less, it also doesn't hinder future European growth - actually, it opens over-recovery perspectives. I am strongly for this opinion - agree with it completely!

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