Will the Euro survive?

Paul Belien writing at Hudson New York: “With Greece facing bankruptcy, the fears about Greece’s financial situation have led to a drop in value for the euro. Last week, the finance ministers of Germany and the Netherlands – the two eurozone countries which in pre-euro days had the strongest currencies in the EU: the German mark and the Dutch guilder – announced that they will not help Greece solve its problems . . . British Eurosceptics fear that if Greece, which represents 3% of EU GDP, is bailed out, other eurozone countries facing financial difficulties (Spain, Portugal, Italy) might claim the same treatment. This, they say, would saddle Britain with a bill of £50 billion to save a currency in which the Brits have never believed.”