The Euro Mess Gets Messier

by Elliott Morss, Morss Global Finance Introduction I have not written about problems in the Eurozone and surrounding areas since last October since nothing had changed. The Eurozone is in the process of falling apart because what I called the “weak sisters” will never be able to compete with Germany, the Netherlands, and Austria. But …

Euro Crisis: Are Germany and IMF Lighting a Fuse?

by Elliott Morss, Morss Global Finance Introduction In earlier articles, I have talked of the “weak sisters” (Greece, Italy, Portugal and Spain) together, arguing they will never be able to compete with Germany and other more “efficient” Eurozone countries. Of course, each weak sister is different. In this piece, I consider each separately and whether …

Nothing has Changed for Greece

by Elliott Morss, Morss Global Finance Introduction Last fall, I said that Greece and the other “weak sisters” should leave the Eurozone. My argument was: the weak sisters (Greece, Italy, Portugal, and Spain) cannot compete with Germany; they need currencies that devalue against the German currency to stay competitive. Since then, nothing important has changed: …