This article has nothing new in it but encapsulates the problems pretty well.
Thanks Zoro for this link it was very interesting.
It also contained a phrase that said, regarding the notion today of anyone leaving the Euro: that it would be legal and financial disaster for all concerned so c’mon lets accept it, it just isn’t going to happen and let’s focus on other stuff that might happen.
What really interested me in the article was of course the ECB still has an interest rate of 1.5% that it can cut, and they have yet to print money, both of which the UK has done. These guys still have options yet.
But c’mon, the Euro is here to stay, more chance of the UK having to join it and actually being desperate to join in 10-15 years than it disappearing. Everyone wants an end to the
crisis but nobody want to go back to 17 currencies like your link said…. it just isn’t going to happen.
The argument is over really. There is still much to understand and discuss about the economy but the Euro stays and we can count on that.