Thursday, April 21, 2005

The Euro is at risk ? contd.

I see the people at Adam Smith have picked up on the Joachim Fels comment I mentioned yesterday via The Telegraph I am surprised they haven’t posted a link to the actual comment at Morgan Stanley – here it is again just in case they change their mind Euroland: The Euro at Risk

I think it is well worth noting, which The Telegraph and the Adam Smith blog don't, that Joachim Fels also wrote – “Don’t get me wrong: I’m neither advocating a break-up of EMU, nor am I saying that this is the most likely outcome.”