Back to main  The end of the euro as we know it  11/29/2011
5:37:00 AM By: Daniel Pereira Referenced Stocks:  One of the
most audacious experiments in internationalism and political-
economic unification, the euro, appears to be on the verge of
collapse.  What's destroying the common currency ? There are
hundreds of complex and interlocking factors, from the problems
of unifying totally disparate economies to irresponsible lending
practices to the shoddy bookkeeping and outright fraud which
kicked off the crisis in the Greek financial and revenue
collection system.   Economist Paul Krugman singles out the
failure of the European Central Bank and its director, Jean-
Claude Trichet, to respond aggressively to the growing crisis by
lowering interest rates and adopting the same kind of
expansionist monetary policy pursued by the Federal Reserve.
"Trichet might as well have gone on TV and announced, 'My
colleagues and I are determined to make the debt problems of
southern Europe insoluble,'" the columnist quipped in