Re: Re: Why did Ireland bother? Don’t they have Trojan horses?

#101636
peterhun
Participant

Maybe Germany should be encouraged to leave the Euro.

At worst, it will generate serial depression and default among member countries. Moreover, this is also a global problem: the emphasis on deflationary adjustment in weaker countries risks turning the eurozone as a whole into a gigantic Germany, dependent on importing demand from the rest of the world. As Philip White has noted in a paper for the pro-European Centre for European Reform, the eurozone is far too large to play such a role in the world economy. Thus, the question of imbalances within the eurozone is inescapable, however much Germany may wish to resist such a discussion.

http://www.ft.com/cms/s/0/9dc7e408-f73e-11df-9b06-00144feab49a.html

If Spain needs a bailout, something will have to give. Treaties are only a piece of paper.