tag:blogger.com,1999:blog-10701792.post7773222054989780908..comments2023-12-02T00:59:10.380+01:00Comments on England Expects: Will the EU continue to pay everyone's bar tab?Gawain Towlerhttp://www.blogger.com/profile/08583658895528269901noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-10701792.post-80995462936284712772010-11-14T16:25:13.037+01:002010-11-14T16:25:13.037+01:00Why thank you Southerner,
Anon, No I don't t...Why thank you Southerner, <br /><br />Anon, No I don't think it will fail. Or not for a long time yet. I think the politics will trump the economics, that is my point. But what damage it will wreck upon the perifferal economies of Europe whilst the European elite cling to their political dreams is anybody's guessGawain Towlerhttps://www.blogger.com/profile/08583658895528269901noreply@blogger.comtag:blogger.com,1999:blog-10701792.post-84722537011785492662010-11-14T11:35:00.385+01:002010-11-14T11:35:00.385+01:00By impoverishing the PIIGS, & preventing their...By impoverishing the PIIGS, & preventing their weakest 3 members (Greece, Ireland, & Portugal) from leaving the euro, the EU will destroy its main construct - the euro itself. Instead of helping them leave, & then operating a new cheaper currency (eg the revived drachma, punt or escudo etc), & then helping them to devalue these new or revived currencies until they found their optimum foreign exchange rate values, these 3 countries' EU advisers have persuaded them to pay back whatever they can to their European bank creditors, leaving them now with almost nothing in reserve.<br /><br />This selfish policy will cost the EU & the euro dear. With more & more euro countries sliding into extreme crisis, Germany & Holland - to save themselves - will have to flee back to the mark & the guilder, while the assets of the remainder are picked over by sovereign wealth funds from East Asia & the Middle East. And thus, the grand plan to make the EU & its member countries stand as tall as the USA, will reduce parts of continental Europe to penury. What foolishness! Only the loathesome EU could have done it!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10701792.post-33425172681171820132010-11-13T22:24:03.291+01:002010-11-13T22:24:03.291+01:00Just found you...excellent work, and am now a foll...Just found you...excellent work, and am now a follower.<br /><br />Greetings from across the pond.OldSouthhttps://www.blogger.com/profile/01381229263357074199noreply@blogger.comtag:blogger.com,1999:blog-10701792.post-38565650539156391972010-11-12T19:20:58.335+01:002010-11-12T19:20:58.335+01:00You've got to be English to believe the euro c...You've got to be English to believe the euro can fail. You sound like marxists announcing the revolution...Anonymousnoreply@blogger.com