Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › Why did Ireland bother? Don’t they have Trojan horses? › Re: Re: Why did Ireland bother? Don’t they have Trojan horses?
I have to say, I find the whole situation quite fascinating, if a bit scary, at present.
At the tail end of last week I found myself, for the first time ever, thinking that the euro as we know it would not survive. This week, particularly in the last couple of days, I get the feeling that the key players have looked into the abyss and don’t like what they see.
Whilst the German public and those in ‘strong’ countries, such as myself in NL, would love to see our purchasing power in countries such as Spain increase by 30% or so overnight. I get the impression we are having brought home to us just what an impact this would have on our economies. That any desire to see those countries who have not managed their finances properly punished is tempered by the impact that such punishment would have on their own countries.
The big question now is one of leadership. If the big players can bring themselves to act together in the common good rather than serving vested domestic agendas (A big ask, I know) then there is a chance that the eurozone and the EU will emerge from this mess a stronger and more cohesive entity. If they can’t, I see a crisis similiar to the Asian one of the late 90’s engulfing the continent.
Interesting times indeed.