Bloomberg: EU authorities colluded with Greece to mask its deficit for a decade

[d000hg]

My missus wrote her thesis 20 years ago on why fiscal union won't work for the EU.
Bless her, she never goes round saying "I told you so" because nobody's going to listen to a housewife from Coventry.
Begs the question, if she could work it out, WTF couldn't the politicos....?

Wow, some people guessed it wouldn't work and are now claiming to be visionaries. Equally many people guessed it would.

[TimberWolf]

Wow, some people guessed it wouldn't work and are now claiming to be visionaries. Equally many people guessed it would.

Plus no monetary system seems to work for long, so it's going to be correct eventually.

[Paddy]

My missus wrote her thesis 20 years ago on why fiscal union won't work for the EU.
Bless her, she never goes round saying "I told you so" because nobody's going to listen to a housewife from Coventry.
Begs the question, if she could work it out, WTF couldn't the politicos....?

Either they knew; in which case they are corrupt and should not be in office
Or
They were too stupid to understand; in which case they should not be in office.

It is normally the first case but many years ago I had a personal chat with a Conservative MP about some high level shenanigans which was openly and publicly , he honestly was shocked to find out.

[Doggy Styles]

Wow, some people guessed it wouldn't work and are now claiming to be visionaries. Equally many people guessed it would.

Guessing and working on a thesis are two different things.

Especially if you are someone with no vested interests.

[ThomasSoerensen]

Guessing and working on a thesis are two different things.

Especially if you are someone with no vested interests.

Future economic is not very different from guessing. Too many variables and too many people involved. Unless your conclusion is something like "this will fail...at some point" then it is not a guess but a 100% certainty - but the conclusion has no value as it is too vague for anyone to act on. Everything fails at some point - at least when the Sun grows and swallows our tiny planet.