Friday, March 06, 2009

Lithuanian MEP queries Euro effectiveness

Not everybody, it seems is in love with the Euro, or sees it as the saviour in this time of crisis. Lithuanian MEP Eugenijus Maldeikis seems to think otherwise. Maldeikis, a rather serious chap in his former life (economist and former Chairman of Deloitte Touche in Lithuania, later Finance Minister,
claims that the euro sometimes without ground is presented as a universal remedy to overcome crisis. "During such a mess as it is now, adopting the euro would only intensify income problems,"
Well quite.

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