Whose fault was it?

[TimberWolf]

Jose Manuel Barros is clearly not a cretin, but a highly intelligent man. However, highly intelligent people make mistakes too, and those mistakes can be compounded when they're surrounded by like minded people without having a few people around them who will criticise. I think part of the euro problem is the 'yes men syndrome' where everyone in some circle agreed on what to do; that's a trap.

To be fair he said the financial sector was contaminated, and it's hard to argue against that.

[eek]

EU member states contribute to a fund that is redistributed though.

Not the same though. The fund is used for capital expenditure investments not day to day expenses.

[sasguru]

Are you calling Jose Manuel Barros a cretin?

Intelligence as is intelligence does, cretinism is as cretinism does.
If a layman like me could see when the Euro was introduced what a bad idea it would be, then all the politicians who didn't see it are indeed cretins.

[BrilloPad]

Clearly the Euro, by imposing a one-size fits all fiscal and monetary policy on a set of very diverse, non-convergent states.
The result was absolutely predictable - and in fact was predicted by Lawson and Hague 20 and 10 years respectively before the current events.
HTH

Why didn't you just call the Euro a cretin to make it clear?

[TimberWolf]

Intelligence as is intelligence does, cretinism is as cretinism does.
If a layman like me could see when the Euro was introduced what a bad idea it would be, then all the politicians who didn't see it are indeed cretins.

The financial guys cooked the books to wangle Greece into the Euro zone though did they not?

[moggy]

The financial guys cooked the books to wangle Greece into the Euro zone though did they not?

But the rest of the EU knew what they were getting with Greece the fact the books were cooked was hardly surprising.

[DodgyAgent]

everyone is to blame

Thatcher - for trusting people to make their own decisions by denationalising the financial services Industry
Brown - For borrowing, taxing and squandering vast amounts of money on pointless and useless public services
Bankers- for abusing the trust that government bestowed upon them and lending recklessly
Euro - For removing the natural checks and balances within a currency that would have stopped countries from getting into so much trouble
Clinton - for sticking his cock where it shouldnt go
Socialists - for self serving arrogance and incompetence and being the catalyst behind the whole F*** up

[oscarose]

Clearly the Euro, by imposing a one-size fits all fiscal and monetary policy on a set of very diverse, non-convergent states.
The result was absolutely predictable - and in fact was predicted by Lawson and Hague 20 and 10 years respectively before the current events.
HTH

+1

[Mich the Tester]

Clinton - for sticking his cock where it shouldnt go

Would you?

I don't think I would.

[Sysman]

Would you?

I don't think I would.

Too many pies.

Or in her case, doughnuts and hamburgers with fries.

Lots of fries.