Sterling Digest, May 17 2012: blame the eurozone

Greece, The Economist cover
With a new election looming, Greece is slouching towards the drachma

An interesting theme has caught fire in the markets in recently: BLAME EUROPE. The entire world blames the Eurozone for global economic slow down, weak markets, and high inflation. The Eurozone blames Greece. The Greeks blame the government. The government blames the markets. The markets punish the euro.

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