A reader responds to a recent column, “FX MATH: Bright Skies And Foreign Flows, If Italy Avoided The Euro”:
“Vincent Cignarella and Stephen Bernard’s article is highly interesting and shows the insanity of the common currency since the same is probably true for Greece.
“I would be highly interested in a similar analysis for the French, who have got a pretty good savings rate, as far as I know, but obviously very bad public spending habits, which could get worse if Hollande were to win the election and to get a comfortable majority in Parliament, events that I believe are likely to happen.
“Many thanks for your attention.”
Werner Strohmeier Continue reading…