mr president in the last two hundred years there have been at least half a dozen attempts to create single currencies or fixed exchange rate mechanisms
all have failed all have damaged the participants and so it is with the euro
the imbalances long predicted by sceptics are starting to bite
italy's competitiveness is shot to pieces
spain's experience is like the bull in the corrida proud and strong to start with but bleeding to death in the sand by the end
greece's recent unrest is clearly linked to unemployment resulting from an overvalued euro
bond spreads between greece and germany have reached unprecedented levels over two hundred basis points
the markets are speculating on a euro break-up
we in britain can thank heaven that we kept our own currency and are not part of the euro zone's slow-motion train wreck
happy birthday to the euro
