Monday, June 20, 2011

In 2011, Whither Skeptics of Euro?













For the second time in a year, European leaders are scrambling to prop up Greece. But the euro is faring far better this time.

Last spring, as Greece first teetered on the brink, there were rising expectations that the common currency would by now have plunged against the U.S. dollar, with some forecasters looking for declines approaching 20%. Talk that the crisis would lead to a breakup of the euro zone added to the gloom.



WSJ