Thursday, March 3, 2011

Political Revolt in Europe; No More Bailouts Cries Get Louder

The political landscape of Ireland was completely changed after last weeks federal elections and German Chancellor Angela Merkel's party was trounced at last month's regional elections in Hamburg.

It has become very clear that supporting the Euro demands hugely unpopular bailouts or grueling austerity measures, which means sacrificing your political career. Faced with this dilemma, I wouldn't be surprised if more politicians opt for re-election and turn their back on the Euro. Read more here.

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