Journal 14

Elliott, D. J. (n.d.). A eurozone breakup would be a costly mistake - Nov. 13, 2011. CNNMoney - Business, financial and personal finance news. Retrieved November 13, 2011, from http://money.cnn.com/2011/11/13/news/international/eurozone_breakup/?source=cnn_bin

Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution. This weekend, he (2011) reports Europe's deepening debt crisis will lead to a eurozone breakup (par. 1). Moreover, Douglas agrees with the view of most analysts, and they said that shring the eurozone would be an expensive mistake (par. 8). Some observers have argued that Greece might not be fit to share the euro and forced out from the euro crisis began (par. 6).According to $400,000prize for euro breakup plan, he also believes that devaluations can be like heroin, habit-forming and destructive (par. 24). Everyone hopes that euro crisis will end quickly.