SamuelRSmith said:
non-gravity said:
haxxiy said:
I've read a couple of analysts or so saying it is Germany and France's gentle way of saying they're getting out if things do not improve very soon, i.e. they're getting out, or making the others get out.
Never thought I'd say this, but seems like the Euro is in it's way out, at least for some if not most countries.
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My politicians say that it's much more expensive to blow the Eurozone up than to do what we do now.
If Italy or Spain collapse however I think it's time to stop.
Perhaps then the Netherlands, Luxembourg, Austria and Finland can join Germany in the new Deutsch Mark. Belgium and France will want in but they can go screw themselves.
That would still leave Slovenia, Slovakia and Estonia of which I don't know how well they're doing
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Wouldn't happen. Germany wanted countries like the PIIGS in the Euro precisely because these countries basically lowered the value of the Euro, which is good for German industry.
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Right. An export-heavy market wants a relatively weak currency, but don't want the economic conditions that generate a weak currency, which is why letting less-advanced prospects in on the Euro was a perfect fit for them.
Really, the only way for Europe to use the Euro as a macroeconomic tool would be to get a yet-deeper level of integration. Otherwise it will prove to be an economic liability given that everyone moves on different cycles
