"The launch of the euro brought about an impressive decrease of - TopicsExpress

"The launch of the euro brought about an impressive decrease of manufacturing production in France and huge losses of market shares." ~Dr. Eric Dor, Directeur IESEG School of Management, Université Catholique de Lille , whose report on the destruction of French manufacturing is reported today by Mish Shedlock bit.ly/17j5yZv As Mish points out : “[T]o be fair problems in France (Spain, Greece, Italy, etc) cannot be pinned entirely on the euro. However, it is 100% certain the euro exacerbated existing problems, and in a major way. Instead of being a savior, the Euro has been more like an anchor to most of the economies in the eurozone.” But they were warned – get a free Adobe or ebook (epub) download of the prophetic “Tragedy of the Euro”bit.ly/13cZXWK by our friend economist Philipp Bagus , and there are universal lessons in the book which are applicable far beyond the Eurozone mess.

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