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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Italy has killed the EURO: you read it here first
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Poster Handle
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Anonymous Coward |
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Post Content
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The Euro is another Socialist/Marxist idea destined to ruin millions of lives. The last gasps of Socialism will look like the Titanic going under water. 
The Euro is generally a good idea. Like the dollar, you have a vast territory, very different economic situations in every single state, but a dollar that works well.
Whats the difference to Europe ?1) we have no political integration 2) no common financial / budget policies 3) no means to handle a bancruptcy of a state like Greece
The problem is what ? The southern states do not want to integrate, because lying closer to the northern country center, which is very heavy, means you loose power. The northern states do not want eurobonds (eurobonds would mean kicking the can further down the road btw). Game over. Exit. The main problem is that Europe has a unified currency but they don't have a unified Debt market (Bonds). How fucking stupid is that.
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