Maggie had a willy and a crystal ball

[TimberWolf]

Margaret Thatcher knew the single currency would devastate Europe – Telegraph Blogs

[AtW]

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.

[minestrone]

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.

[minestrone]

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.

They 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.

[EternalOptimist]

They 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.

I thought East Germany had been integrated by now. and didnt they have lots of coal and other resources ?

[AtW]

they cannot set their currency lower to attract income

That's the whole point of single currency - makes it harder for parasites to get their way on the back of others by dropping currency value.

For countries that import a lot (like UK) it's not a solution anyway.

[d000hg]

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. My curtains were filthy.

FTFY

AtW is no genius, so did he predict it?

[CheeseSlice]

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.