News Briefs

  Cheshvan 24, 5772 , 21/11/11

Credit Suisse: We've Entered the Last Days of the Euro

Economists from the Swiss bank Credit Suisse wrote on Monday that “it seems that we’ve entered the last days of the euro as we know it” and that “extraordinary things must happen for the currency and the European Union to survive.”

In a statement they released in light of the financial problems in Europe, the economists added that “in the short term, the ECB cannot handle the crisis and the new governments in Greece, Italy and Spain cannot do so either.”

Other archived news briefs:Nov 21 2011, 11:44 PM, 11/21/2011