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Migeru, maybe I wasn't clear enough, but that's exactly what I meant when I wrote this:

Outside, most other Eurozone members have had to impose some sort of capital controls too; even if succeeded, they wont prevent every trade deficit and surplus in the Eurozone to close.

You just need one euro state to leave the EU and a regression process takes place that can all other states in hours.

luis_de_sousa@mastodon.social
by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Sat Mar 17th, 2012 at 02:29:51 PM EST
[ Parent ]
So the euro will bury us all.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Carrie (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 02:36:16 PM EST
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