What went wrong with the Euro? It was like some kind of sleeping pill

Friday, June 18th 2010 - 05:46 UTC

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EU president Herman Van Rompuy blamed the past strength of the European single currency for making the Euro zone unaware of its fiscal problems, in an interview with the Financial Times. Read full article

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harrier61
The problem with the Euro is that it's not a “real” currency. Anymore than the European Union is a “state”. Eurocrats have built “cloud cuckoo land” that depends on the strength of the individual members. Essentially, it “steals” credibility at the same time that it steals sovereignty. As a state the EU has failed in 30 years. Could it be saved by British sovereignty? Probably. Trouble is that Britain doesn't want it anymore that Britain wants to continue a close association with the USA.
Best thing for the EU to do is to revert to being a trade association. Stick with things they understand, sort of. Best thing for the USA is isolationism. Stay out of things they don't understand.
While I'm solving the world's problems. Best thing for South America? Everyone's heard of Atlantis. The territory that sank beneath the waves. Need I say more?
Jun 18th, 2010 - 06:03 pm - Link - Report abuse 0
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