Ignore the doom-mongers. The euro?s end is not nigh

Oliver Kamm, Times If you think Britain faces tough economic times, consider Greece. International ratings agencies downgraded Greece’s credit rating last month. (A lower rating signals that a country is a riskier place in which to invest, thus increasing its cost of borrowing.) The reason is that Greece has a huge burden of public debt, at €300 billion. The Greek Government has pledged to cut public spending. It aims to reduce the budget deficit from nearly 13 per cent of GDP to just over 9 per cent in the next financial year. So Greece faces a prolonged squeeze on living ... Leer más