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I disagree, abolishing the euro is only one way to get that. There may be other ways, even if I do not claim to know them, I'm not an economist with experience in money management. Maybe we only need to kick Germany out the euro...

res humą m'és alič
by Antoni Jaume on Fri Jul 20th, 2012 at 03:34:43 PM EST
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Germany cannot be kicked out, it will leave of its own accord on its own timing and after inflicting the maximum amount of damage on its EU "partners".

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Fri Jul 20th, 2012 at 03:54:48 PM EST
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That is the unfortunately most probable future.

res humą m'és alič
by Antoni Jaume on Fri Jul 20th, 2012 at 04:00:34 PM EST
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Well, you will not increase the power of democratic institutions by kicking out those who have an opinion you don't like. The German political stance has popular support. If anything popular opinion in Germany would be even less agreeable to you.

That exactly is the problem. Democracy and policies required to hold the Eurozone together have become mutually exclusive.

by oliver on Fri Jul 20th, 2012 at 04:32:53 PM EST
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Does kicking Greece out increase the power of democratic institutions?

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Fri Jul 20th, 2012 at 04:33:58 PM EST
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No. And I already told you that as long as the Euro exists, this is impossible to do.
by oliver on Fri Jul 20th, 2012 at 04:54:21 PM EST
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Then there are a lot of irresponsible EU policymakers speaking out of their asses...

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Fri Jul 20th, 2012 at 05:02:05 PM EST
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This is a thesis that is well supported by multiply redundant lines of argument.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Fri Jul 20th, 2012 at 06:26:55 PM EST
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