Fiscal woes raise fears over euro

Greece's fiscal crisis is having a disproportionately large effect on Europe's monetary union - creating worries about the operation of the 11-year-old project as well as clouds over continental Europe's growth prospects.

In 2009 it became fashionable to predict the dollar's demise. In early 2010, however, shaky state finances within the European common currency zone have many worried about the future of the euro. Even the EU thinks the monetary union could be in danger. The differing competitiveness among euro zone countries is 'a cause of serious concern for the euro area as a whole'.

Spiegel Online International, 25.1.10: European Union Sees Threats to the Euro http://www.spiegel.de/international/europe/0,1518,673842,00.html

PressEurop, 26.1.10: Cheerio to the euro? http://www.presseurop.eu/en/content/article/176971-cheerio-euro

Spiegel Online International, 11.2.10: Five Threats to the Common Currency http://www.spiegel.de/international/europe/0,1518,677214,00.html

ESO: Background information: Traders make $8bn bet against euro http://www.europeansources.info/record/traders-make-8bn-bet-against-euro/

ESO: Background information: Rescue plan hints at closer economic ties http://www.europeansources.info/record/rescue-plan-hints-at-closer-economic-ties/

ESO: Background information: The Californian solution for the Club Med http://www.europeansources.info/record/the-californian-solution-for-the-club-med/

ESO: Background information: Greece will fix itself from inside the eurozone http://www.europeansources.info/record/greece-will-fix-itself-from-inside-the-eurozone/

PressEurop, 8.2.10: Euro, what a carve up! http://www.presseurop.eu/en/content/article/185991-euro-what-carve

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