Euro in Trouble as Big Economies Falter

Tuesday, 22 Dec 2009 12:27 PM
By: Forrest Jones

The euro's credibility will suffer if fiscal woes that are pounding Greece spread to bigger economies like Spain, says Goldman Sachs Chief Economist Jim O’Neill.

“If you start having serious problems credit wise with the likes of Spain, then the issue for the euro’s credibility and its pricing against other currencies becomes a much bigger issue,â€