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?
- BRASIL: 08 Feb UPDATE: Fire In Rio's "Samba City" Destroys Many Carnaval Floats.
- SPAIN: 20 Arrested After Baggage Fees Riot On Ryanair.
- SERBIA / SPAIN / USA : Djokovic Wins US Tennis Open, Beating Nadal; Ranked #1.
- COLOMBIA: CAUGHT: 11-year-old Smuggling 74 Cell Phones And Gun Into Medellin Prison.
- ARGENTINA / FRANCE : 13 Sept UPDATE: DNA Results Show Vera And Lasi Killed 2 French Students In Salta.
- AUSTIN / FRANCE / MEDIA : Lance Armstrong Denies Bullying Others; Claims People Will Forgive Him...Like Bill Clinton.
- BOLIVIA : Sole Plane Crash Survivor Describes Ordeal: Drinking Urine, Eating Bugs.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- MEXICO : The Tragic Decline of Industrial Powerhouse Monterrey.