BBC/ Laurence Knight /
Many nations in central and eastern europe are thinking long and hard about their promise to adopt the euro when they signed up for the EU.
The "PIIGS" (Portugal, Ireland, Italy, Greece and Spain) were caught in the euro trap because the boom years hyped labor and public finances but the bust has left them uncompetitive with a major debt. But inside the euro zone, the easy cure, currency devaluation, is not available.
Now, some pols and much of the public in the Czech Republic and Poland don't really want to join the eurozone.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PUERTO RICO: The Enigma of Tourism.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- URUGUAY:Defeats So.Korea 2-1; In Q-Finals For 1st Time in 40 Years.
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
- MEXICO: C.Bank Bought...90 Tons Of Gold...In Past 3 Months.
- ARGENTINA: MaradonaTo Continue As Soccer Coach.
- Chavez And Argentina Sign Trade Accord.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.