analysis: with or without euro, europe must raise its gamelondon (reuters) - the opening last week in northeastern spain of a 37-million-euro stretch of motorway to nowhere is an irresistible metaphor for the euro, an ambitious project conceived in better times that is now seemingly running out of road. with spain heavily in debt, the authorities could not afford to finish the highway but opened the completed 6 km section near lleida in any case to ...europe's silly solution and failures of state and local governmentseurope may be headed for a breakup of the euro and government-style bankruptcy filings. the u.s. isn't faring much better.u.s. investors hit by more europe woesinvestors are headed for another tough day as worries about europe debt, specifically the spanish banking system, are again shaking investor confidence.europe’s debtors must pawn their gold for eurobond redemptionsouthern europe’s debtor states must pledge their gold reserves and national treasure as collateral under a €2.3 trillion stabilisation plan gaining momentum in germany. |
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