Thursday, June 24, 2010

The Euro is a victim of its own success

Yes, yes: that is what the President of Europe said. Nothing to do with the fact that this currency is based upon a political pipe dream which ignores economics and the democractic wish of the people who foot the bill. Nothing to do with the fact that the criteria for joining the currency were wishywashy themselves and even then were ignored by many of the Club Med countries in the EU. It's such a success, that's why Germans are bailing out other countries. And don't you forget it!

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