From Euro to Zero - The Near Fatal Decit of the Eurosystem (Hardcover)

What went wrong over the past year in the Eurozone, and what will go wrong in the years to come Portugal, Italy, Ireland, Greece, and Spain may be all over the map, but to a worried portfolio manager, these PIIGS look awfully alike: ongoing budget deficits and large private and public debt. Can these countries balance the books before it's too late? It's highly unlikely as Greece has been in default during almost half of the past 180 years. And it may already be too late, as the debt problem of the PIIGS is threatening an already fragile global economy. From Euro to Zero: The Near Fatal Deceit of the Eurosystem: Details authors Parenteau and Auerback's predictions of the Eurozone's current economic crisis Examines the future of the Eurozone, and offers prescriptive policies for governments around the world Includes portfolio recommendations for individual investors From Euro to Zero explains why Europe is on an almost certain path to economic depression, and why it may either have to be restructured or broken up.