Euro Area

[Furunculus]

Furunculus while you are big fan of US born global capitalism.It is childish to impose your personal preference as truth.

Maybe for example you should analyze why germany with its leftist social politics is fourth largest nominal gdp in the world with only bit over then 80 million people? I know already that your answer is that UK surely will be larger economy then Germany after next two decades.Thatcherians said the same two decades a go, but it didint happen.Why?

it is not chilish at all, and my view is not based on some abstract in economic dualism, it boils down to this.

are you my family.
will germany pay for greece in perpetuity
will greeks accept grinding austerity for the next decade to please the germans
if the answer to both the above is not "yes" then a currency union won't work at the bottom of the economic cycle.
because there is no mandate for contentious policy.

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two good quotes from non-tory (since that clarification seems necessary for people to look at it without shouting "tory stooge"):

nick clegg -

"Whilst I have a huge amount of sympathy with German taxpayers and German politicians who are reluctant, understandably because Germany is the paymaster of the European Union, to entertain these ideas, I fear that they are unavoidable."

"It is not sustainable to believe that the eurozone can thrive through fiscal discipline alone - it also has to, at some level, include an ability to either share debt or to deal with shocks in one part of the system or the other through fiscal transfers."

ed balls -

"In the end... somebody has got to persuade Germany that this is a catastrophe for Britain, Europe and the world and that Germany has got to change course,"

"The problem is, the German people went into the eurozone 10 years ago on the clear promise that they weren't going to bail out Italy and the central bank wasn't going to play this role. Both things have got to change."

http://www.telegraph.co.uk/news/worl...-eurozone.html

[Kagemusha]

it is not chilish at all, and my view is not based on some abstract in economic dualism, it boils down to this.

are you my family.
will germany pay for greece in perpetuity
will greeks accept grinding austerity for the next decade to please the germans
if the answer to both the above is not "yes" then a currency union won't work at the bottom of the economic cycle.
because there is no mandate for contentious policy.

------------------------------------------------------------

two good quotes from non-tory (since that clarification seems necessary for people to look at it without shouting "tory stooge"):

nick clegg -


ed balls -

http://www.telegraph.co.uk/news/worl...-eurozone.html

Yes.

You are definitely not my family. I dont give a shite about you. Although i do give for my countrymen and even europeans in general, not just leeeches like you.

B) Germany and not just germany is and has been paying and continues to pay.

c) my question is, are you a leech like Irish right wing capitalist or a English one?
If English. Il atleast have some respect for you. If I rish none.

[Furunculus]

Yes.

You are definitely not my family. I dont give a shite about you. Although i do give for my countrymen and even europeans in general, not just leeeches like you.

B) Germany and not just germany is and has been paying and continues to pay.

c) my question is, are you a leech like Irish right wing capitalist or a English one?
If English. Il atleast have some respect for you. If I rish none.

gee kage, that's a lot of anger right there.

i'm not sure why it is aimed at me, as i am only pointing out the flaws in a political project that was masquerading as an economic one...................... and i grant you; then saying "i told you so" when collapse arises from the contradictions.

i realise being smug isn't a very attractive character trait, but i don't see how i merit so much vitriol?

you do realise my most of my objection to 'the project' was precisely because i didn't see other people inventing a family identity they didn't have, and thus the euro would create precisely the ill-feeling that we are watching spread across the continent right now.

if ever-closer-union had stopped with mastricht then we might instead be happy neighbours right now rather than resented drunk uncles/feared violent patriarchs.

but i truly feel if this foolishness is not publicly ridiculed then we will continue on chasing our tails inventing ever more elaborate post-national constructs to circumvent the even-mounting public discontent at illegitimate government. someone has to do it, and i have manfully signed up for the job. to much opprobrium it might be added! :)

this is my objection.

so tell me why my (english) ingrate self generates such ill-feeling? is it because the emperor does not like being told that he is wearing no clothes......

[edit] and why am i a leech? my country signed up to the single market, not a federal union. [/edit]

[gaelic cowboy]

You are definitely not my family. I dont give a shite about you. Although i do give for my countrymen and even europeans in general, not just leeeches like you.

B) Germany and not just germany is and has been paying and continues to pay.

c) my question is, are you a leech like Irish right wing capitalist or a English one?
If English. Il atleast have some respect for you. If I rish none.

Stuff you an all too Kagemusha ye cant even admit when you have made a huge mistake politically.

The Euro was and and still is a political creature and it's current crisis is also caused by and sustained by politics.





Banks here lent so much money they no longer used the Irish deposit base but instead got it from German, French and various other Euro banking eejits who went crying for the price of there Lotto ticket back.