Austerity Fires Voter Vengeance Against Euro

May 1, 2012

by John Browne

Over the last few years, as the debt crisis has engulfed Europe, the risk that has most concerned economists has been the possibility that the so-called 'olive growing countries' of Portugal, Italy, Greece and Spain, joined by Ireland (and known as the PIIGS) might leave, or be forced out, of the eurozone. The possibility that Germany may choose to leave, however, is something that has received far less consideration.

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