Originally Posted by mjoke
LOL i think thats a big fat NO.. never ever .. cold day in hell if that occurs.
I wont get into the semantics.. but its more applicable that Russia adopts the euro (joke) than Germany leaving..
I find it funny that people are focused on spain and others,... all these countries who dont have central banks or access to print money, therefore are at the whim of speculation. Where as the US is the next shoe to drop, do any of you think we can afford 7% interest.. hell no... and the only way to deflect this attribute is to print.. and print and print and yes thats right PRINT.
Very unlikely but it is possible. The idea of the European Union was to prevent another war after WW2 but I really don't think the Euro as a currency was ready to be inroduced when it was, more fiscal union was needed. The Germans have gained much from the Euro a cheap currency compared to what the good old Mark would be worth (against the euro) I suspect their exports to euro nations would have been reduced greatly. (For sure it made the VW range affordable in the UK!)
Imagine the Greek debt wiped out (leave other nations out of it), just for fun/debates sake. I struggle to see the economy blooming again it, Greece as a nation is simply no where near as economically efficient as Germany are or indeed many of its other EU comrades... eek did I say comrades...
Merkel is under increasing pressure to give way and at every election her party loses ground. Not to far in the future is the possibility that Germany may actually wish to leave the Euro rather than support weaker fiscally disorganised members. Every one knows someone that is hopeless with there money and and I liken it (probably rather to simplistically for you but it makes it easier for me to process) to sharing a credit card bill with someone that just simply cannot live to their means. I can think of one or two of my dearest friends but I'd hate to be fiscally united with them !
Its a &*ody mess the only way out that I can see is for a central goverment that strictly controls everything from the tax system (The Greek one is chaotic and needs to be overhauled completley) to how much each country spends on everything and I mean everything from the military to edukashun (joke.. please yourself) This will not be easy as so many strong national identities ..
Reminded of a few NWO theories about goverment change and I laughed at them dismissivley something along the lines of *make the people so desperate that they demand the changes.. *
Glad your back posting again makes it more interesting as you get people thinking...