Quote:
Originally Posted by kerry
I haven't read anything by Spanish or Irish economists on these issues. I know there's a lot of resentment in Greece regarding the austerities imposed on them by the EU which wouldn't have happened had they had their own currency. Anyone got any sources by Euro economists? As I recall, Krugman's argument is based partly on the fact that Argentina did pretty well after it devalued it's own currency when it had problems some years ago.
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It's not just a question of economics. It's politics as well. European countries are still democracies of various types though the Brussels Gestapo have been acting as if they are not. So Greece and Italy have Brussels appointed technocrats to run the countries over the heads of the populace. But now I believe the Dutch government is in turmoil as even they can't accept Berlins diktat. The Spanish are in recession again wiht a 25 percent youth unemployment rate. France is about to throw Sarkozy out and more and more proletariats are rejecting the orders from Berlin. The center cannot hold...
- Peter.
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2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021 
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S
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