Money & Business
The Eurozone: Magnet or Black Hole?
...becomes a Greek problem and not a Eurozone problem. Why a ‘Euro crisis?’ When the Global Financial Crisis (GFC) struck in 2008, the Eurozone initially seemed to suffer no worse than the UK or US. This was partly because the ECB appeared able to respond to the crisis with the same emergency measures as other central banks: pushing interest rates down towards zero, and...