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Curiously nobody (AFAIK) is making the point in a fer-real, instead of a pseudo, Common Currency whether Greece is in a current account deficit to other members of the eurozone matters not a whit.  Alabama is in "deficit" wrt California and nobody is fretting the US dollar is about to go bust.  If the eurozone would get themselves a real Central Bank, instead of a pretend CB staffed with loonies, the problems could be alleviated.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Sat Dec 10th, 2011 at 12:18:32 AM EST
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