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The Euro is the culmination of many decades of European attempts to create a fixed exchange rate system. It has been a resounding success, just ask the European policy elite.
What is that welfare of the people that you speak of? Funny concept. I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
Is it the same thing Walmart is doing by grossly underpaying its own workers? See Henry ford. Hey, Grandma Moses started late!
Also, they tell Spain that it should export more to Latin America.
So, Germany wants the largest economy in the world to apply deflationary policies at home and export unemployment to the rest of the world. We could call this the 'small open economy syndrome', for Germany (let alone Europe) may be an open economy, but it surely isn't small. I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
people are struggling to keep up appearances of normality, while watching the waters recede before the economic tsunami to hit here like spain, greece and portugal. i have a hunch italy will be the straw that breaks the euro's back, or provokes a u-turn from the ECB.
probably a few months from now, once the election results have sunk in. 'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
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