Analysis of Development Co-operation
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The eurozone and the US: A tale of two currency zones

Centre for European Reform, 21 November 2011- Europeans think it is all very unfair. They point out that, in aggregate, the eurozone is in no worse an economic position than the US: its public finances are in better shape than the US’s, and its overall level of private sector debt is actually lower. Yet for the past two years, financial markets have picked on the eurozone with increasing ferocity.