Why The Euro Doesn’t Make Sense & Isn’t Worth Saving

Pop quiz, hotshot. You’re the prime minister of Spain. It’s 2005. Unemployment is at a two-decades low. Housing prices are booming. You’re worried that they might be booming too much. You want to put a brake on the economy. You also hope to build up a rainy day fund for any possible bust. How big a budget surplus should you run?

Leave a Reply

Read the original at Business on HuffingtonPost.com.