EU Establishment Turning Slowly Against Euro
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  • Corlyss

    “The End of the European Dream, which calls for Europe to abandon the currency in order to salvage the rest of the union.”
    Well! Great minds . . . . Where’s Nige when you need him?

  • Kavanna

    France just wants to preserve some illusions about itself. The euro system has ruthlessly exposed who’s productive and who’s not. The illusion is that France is a “core” euro country, like Germany. It isn’t; it’s more like Italy.

    But the euro is coming apart, no doubt about it. In 2010 and 2011, it looked as if the weak, deficit countries would be the ones to leave. But they are dependent and needy. It’s the strong, surplus countries that will eventually have the compelling reasons to leave. France is a special case, because, as mentioned, it has some important illusions to preserve.

    And that, in fact, is how currency unions have broken up in the past: the strong countries leave, not the weak ones.

  • Jacksonian_Libertarian

    I’ve already made the popcorn, and I’m just waiting for the first domino to drop. It’s exciting trying to predict which weak link is going to break first, and which second. There are going to be surprises that no one thought would ever occur, like civilians tearing down the Berlin Wall.

    • Corlyss

      Darn! You beat me to the popcorn concession . . .

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