English Blogactiv Posts - EU Blog Platform

The sovereign debt crises in Greece and Ireland and the mounting economic trouble facing Portugal, Spain and Italy, have long been a cause for alarm in European capitals. Many fear that one or several of the so-called PIIGS countries may be forced to leave the euro, which could exacerbate the pressure on the euro itself and possibly spell doom for the common currency. This simple argument overlooks one fact of international economics, which has been dubbed the original sinproblem.

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EurActiv Network