Bailout Alcoholism: 'Govts sucked Eurozone resources dry' [Patrick Young © RT]

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The European Union's poorest state - Bulgaria - has shelved plans to join the Eurozone.

Its Prime Minister cited the continent's deteriorating financial climate and fears for the euro's future as the reasons behind the single currency snub.

Patrick Young, of the investment consultancy DV Advisors, says joining the Euro now, would only end in disaster.

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