The Euro end-game is about to happen

[xoggoth]

There's a lot of talk of tighter union, stricter rules, etc but economies are not just about written laws and checks by bureaucrats, economies are about people, they are about attitudes, beliefs and ways of doing things down to the very lowest level. You don't change those in months, years, decades or even centuries.

How many centuries has England been a single nation with a single currency and the same laws? Yet look at the different economies in the North and South. Even if the EU leaders can get together and cobble together some fiscal pact it won't sort the problem.

[AtW]

There's a lot of talk of tighter union, stricter rules, etc but economies are not just about written laws

If strict budget deficit rules were enforced then there would have been no debt crisis in Europe.

Poor regions of Europe will be only worse off with their own tanking currencies - the end result would be mass migration from there to wealthier parts of Europe with hard currency. The only way to stop it would be to stop whole single market altogether. Something little Englanders would love to see without a shadow of a doubt, but it won't happen.

[Sysman]

What must happen is that either the Euro will break up or states will have to surrender the running of their finances to the Germans. Britain should use the situation at the very least to renegotiate the terms of its membership to improve its position.

Whar? Our turn to take over Poland?

[BrilloPad]

Poor regions of Europe will be only worse off with their own tanking currencies

In the short term yes. Medium and long term they will be much much better off.

[minestrone]

I think we should rearm and invade the failing nations, steal their gold, art and force taxation and work on them.

Does not have to be in a nasty nazi way, I have a nice Norman name and we were invading Italy to bring prosperity to them well before 1066.