Dexi Posted November 23, 2010 Report Posted November 23, 2010 Currently Spanish and Portugese bond yields are surging,the Euro is selling off against the $ and equities are selling off.Monetary union without political and fiscal union :down:Looks like the Germans will be putting there hands in their pockets for more bail-outs soon.....
Flashermac Posted November 23, 2010 Report Posted November 23, 2010 So why not just have done and replace the Euro with the Deutsche Mark?
LizardKing Posted November 23, 2010 Report Posted November 23, 2010 was the Euro a good idea or a bad one? Discuss... Yes! Unequivocally! Oh no! Bad fuckin' idea. Too limiting to monetary policy for many different countries. As we are seeing now. They cannot make the corrections needed independently. A disaster.
simie Posted November 24, 2010 Report Posted November 24, 2010 And of course thats exactly whats happened in Ireland a vastly overinflated property market and badly run banks and the government powerless to make the required corrections due to the constraints of the single currency. Simie.
Old Hippie Posted November 24, 2010 Author Report Posted November 24, 2010 What would it take for a country to get off the Euro and go back to it's own currency?
simie Posted November 24, 2010 Report Posted November 24, 2010 OH, very good question? would'nt know myself but I'm sure large percentages of the populations of many Eurozone countries would like too. But not of course the incompotent politicians and greedy expense account civil servants who got them into it! Simie.
Flashermac Posted November 25, 2010 Report Posted November 25, 2010 Gee ... sounds just like the boobs running the US government (regardless of party).
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