Gelsenkirchen (Germany) (AFP) - John O'Shea marked his 100th cap with a last-minute equaliser to seal Ireland's dramatic 1-1 draw with Germany on Tuesday as the world champion's Euro 2016 qualifying woes continued.
Paris (AFP) - World champions Germany stumbled again in their Euro 2016 qualifying campaign on Tuesday, drawing 1-1 with the Republic of Ireland on a night where Cristiano Ronaldo and a flying drone made headlines elsewhere.
GOOD news out of the euro zone: the euro area ran a higher than expected trade surplus in November of last year thanks to a surge in exports. The bad news? The November surplus was jsut under €14 billion in an economy with annual output of nearly €10 trillion.
George Soros, the US speculator turned billionaire philanthropist, has suggested both Greece and Portugal quit the European Union and the euro-zone because of their massive debts."One has so mishandled the Greek problem that the best way forward at present might be an orderly exit" with Greece leaving both the EU and the euro common currency, he said in an interview published Sunday by the German magazine Spiegel.He suggested the same might go for Portugal."The EU and the euro would survive it," he added.
It was almost exactly five years ago that the euro crisis erupted, starting in Greece. Investors who had complacently let all euro-zone countries borrow at uniformly low levels abruptly woke up to the riskiness of an incompetent government borrowing money in a currency which it could not depreciate. There is thus a dismal symmetry in seeing the euro crisis flare up again in the place where it began.
Report Shows Netherlands Would Benefit by Leaving Eurozone
Inquiring minds are reading a 73 page detailed report The Netherlands & The Euro that explains country by country why Italy, Greece, Portugal, and Spain are going to need lots more money, and the Netherlands and Germany will end up footing the bill.