While many Americans are caught up in the drama of the Occupy Wall Street movement and the GOP primary charade, an international development of substantial concern is playing out. Many in Europe appear to be falling out of love with the euro. In the wake of the Greece and Italy debt fiascoes a number of eastern European countries - specifically Poland and Lithuania - have decided to postpone their transition into the euro zone. Though some may disregard this news as insignificant, it may be wiser to heed such measures as a warning sign of looming and potentially ominous change. If radical measures aren’t taken the euro will fail. Make no mistake, if the euro falls, the world’s well-being hangs in the balance.
In other words, when EU leaders meet in Brussels on Friday the outcome may knock the Herman Cain soap opera from the headlines.
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