Disasters and fear sell papers, thus it has been and thus it will ever be.
Of course, this doesn't absolve economic and political pundits when they show off their ignorance and ideological biases... Policies not Politics ---- Daily Landscape
I think you misunderstand the dynamics going on here
OK, let's see.
Disasters and fear sell papers
The papers are the FT and the IHT aka the NYT.
In what way is the doomedness of the euro disaster or fear for these Anglo media?
Tell us they're selling disaster and fear when they're talking about the slide of the dollar and sterling. Then I think we'll agree about the dynamics.
News about Europe (in particular France and Germany) is almost always negative unless the evidence is overwhelming, and makes it possible to draw systemic conclusions (and the need to "reform") News about the UK or US economies, when bad, can be explained away as "cyclical" and in any case do NOT put in question the economic paradigm which underlies them.
Thus the spin that the USD/EUR rate (between the eurozone and the US economy) is bad for the eurozone when the euro goes up, and bad for the eurozone when the euro goes down.
Don't you notice the assymetry in the bad news there? In the long run, we're all dead. John Maynard Keynes
