The Ticking Euro Bomb: How the Euro Zone Ignored Its Own Rules

[sysop]

After they joined the euro zone, the countries of southern Europe suddenly discovered they could borrow money at German-style rates, and any hope of sorting out their dodgy finances vanished. But it was France and Germany who set the worst*example, when they broke the*euro-zone rules they had forced on others.*By SPIEGEL Staff.

http://www.spiegel.de/international/...790333,00.html