On Air: Is it worth saving the euro at any cost?
| 13:24 UK time, Tuesday, 11 May 2010
thinks we may look back on yesterday and say "that was the moment the euro was saved" or "that was the begining of the end for the euro".
What happened yesterday? agreed on an emergency stability package to stop the Greek debt crisis from spreading to other eurozone countries. It didn't come cheap, it's a cool 750 billion euros and some think it may not work.
German Chancellor Angela Merkel didn't sugarcoat what said she "The future of Europe and the future of Germany within Europe is at stake,"
Be that as it may, MoneyWeek editor
Merkel's defence of the euro has already her party politically.
Is this stability package a move in the right direction or a short-term fix?
Is it worth saving the euro at any cost or time to let some countries in the eurozone fail?
