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I think the biggest concern is a governance structure that enables the very practices we saw by the various EU institutions wrt Ireland, Portugal, Greece, Spain, Cyprus, etc. Establishing a common currency under such circumstances constitutes a massive creation of an attractive public nuisance vastly more damaging than an un-fenced, un-monotored swimming pool during a hot summer.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Feb 1st, 2018 at 03:29:36 PM EST
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