Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
The truth is a single currency can't work with 18 public debts and 18 interest rates on which the financial markets can speculate freely.

In other words, the Euro is supposed to be a sovereign currency, but it isn't issued by a sovereign.  The EU really needs to do an analysis of how well confederacies have worked through the ages.

by rifek on Mon Jan 5th, 2015 at 01:54:43 PM EST

Others have rated this comment as follows:

melo 4
afew 4
JakeS 4

Display:

Occasional Series