Confidence in the euro is at its lowest ebb. Is this the beginnning of the end for the common currency?
In the Eurovision Song Contest held last weekend, a cultural event as unique to Europe as Nascar stock-car racing is to the US, and about as pointless, France came second to last. The Netherlands did not even qualify. That outcome was a bad omen for the votes in France and the Netherlands on the European Union constitution. Polls indicated both nations would reject the treaty (France has already). What they will really be doing though, is telling their leaders that the euro is not working. A well-recognised flaw in referendums is that participants rarely address the question printed on th...
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