What a difference two years makes…
Just two years ago, headlines around the world anxiously trumpeted the imminent collapse of Europe and the inevitable implosion of the euro zone.
“The Euro has 10 days at most” warned London’s Financial Times columnist Wolfgang Munchau on November 27, 2011. On Oct. 12, the U.S. stock market shuddered after Slovakia’s parliament blocked a plan to expand its European Financial Stability Facility (EFSF) — the source of crucial bailout funds for a much wealthier Greece.
Fast forward two years, and it’s a very different story.
Read more about the success of Ireland, Spain and the other PIIGS at Eagle Daily Investor.