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Maggie had a willy and a crystal ball
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Boll0x.
Ireland, Greece and some others are not shafted because of single currency, but because they engaged into hot air tulip spekulation.
Granted they would have been called earlier on if they had not been part of a reserve currency club, but that's really something that can be changed in rules of membership. -
You don't need to be the genius to predict Ireland, Greece and Spain could not hang on to Germany.
"Margaret Thatcher’s autobiography, first published in 1993"
I read it 3 times.Comment
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Originally posted by AtW View PostBoll0x.
Ireland, Greece and some others are not shafted because of single currency, but because they engaged into hot air tulip spekulation.
Granted they would have been called earlier on if they had not been part of a reserve currency club, but that's really something that can be changed in rules of membership.
West Germany has spent nearly 20 years getting the East Germany productive, they cannot do it. why they wanted to push their little experiment onto us and we accepted is another matter.Comment
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Originally posted by minestrone View PostThey are shafted because they cannot set their currency lower to attract income, Ireland with it's 6 million people are tied to Germany, so are Greece and the dead weight of Spain. We are fecked because we have to trade with these deat beats.
West Germany has spent nearly 20 years getting the East Germany productive, they cannot do it. why they wanted to push their little experiment onto us and we accepted is another matter.
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(>'.'<)
("")("") Born to Drink. Forced to WorkComment
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Originally posted by minestrone View Postthey cannot set their currency lower to attract income
For countries that import a lot (like UK) it's not a solution anyway.Comment
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Originally posted by minestrone View PostYou don't need to be the genius to predict Ireland, Greece and Spain could not hang on to Germany.
"Margaret Thatcher’s autobiography, first published in 1993"
I read it 3 times. My curtains were filthy.
AtW is no genius, so did he predict it?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Amusing article. I particularly like this sentence:
[on the Euro]The Financial Times, a newspaper whose judgment has been wrong on every great economic issue of the last 40 years, was another supporter.Comment
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