Root of Crisis: 30% Structural Currency Mismatch N vs S

Geithner Plan for Europe is last chance to avoid global catastrophe - Telegraph

Even if the €2 trillion "Geithner Plan" does get off the ground, it can do no more than buy time - not to be sneezed at, for sure. The root of the euro crisis is a 30pc intra-EMU currency misalignment between North and South. That structural flaw cannot be solved with debt guarantees or bank rescues.

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