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Message Subject Cyprus banks may never open again
Poster Handle Anonymous Coward
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Monetary unions are not susteinable, especially when you have different economies as in Europe, Eurozone will brake-up soon or later....

If you watch, Germany and other northern countries have grown since Euro, instead peripheal countries have gone broken: Spain, Italy, Greece, Ireland, Slovenia, Portugal, Cyprus...

this is no coincidence, the common currency has widen economies and competitivness of european countries, moreover it has started a movement of capitals that has brought southern countries in private debt, that then has become public debt when banks had to be saved....

if you want to know more, go and search for Eurozone and the Frenkel cycle.....

France has been saved so far, but in truth it has the same (if not more) problems than the other countries, simply this problems have still not presented....France is a bomb...soon or later will explode.....

Euro has been a political choice, not an economic one, it should have been the last step to a Europan Union, instead it has been the first one on Germany and France command, they know how it would be ended, but they have gone straight and they have fooled all the other countries....

Now it's a real cage....and no one want lo leave cause MSM make terrorism about consequences, but eventually Eurozone will brake up naturally, maybe in a bad way........
 
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