There are too many bludging Greeks and Spaniards and Italians bludging off the Germans. The French will start bludging next.
In the Daily Telegraph today the Finns are actively preparing for the collapse of the Euro. They have said that they will back NO MORE BAIL OUTS.
You have the answer ! Rather than have the weak nations ‘leave’ the euro the strong nations should leave the euro to the stragglers and join the pound ! The euro then plummets in value wiping out the debt and the Germans and Brits and Dutch etc have a new ‘mark’ which will be called the pound instead
The Brits wouldnt let anyone else into tthe GBP. For a common currency to work you need one Minister of Finance andf one set of monetary laws. The Brits wouldnt let the Krauts anywhere near it.
My Norwegian friends are laughing all the way to the bank (literally).
Euro’s biggest problem is not the Greeks or Italians or Spanards threating to leave the Euro, it’s the Germans. Who would pay the bills then?
the biggest ‘bludgers’ have been revealed…parasitic ,criminal banks in the U.S and U.K/Europe…Libor,money laundering,CDO’s,CDS’s,Robo signing,market rigging…etc,etc
Who lent the lazy Greeks money … the German banks! OK the Greeks are lazy, but that was a known quantity (been in default a large part of their history). Why did the Germans lend them money, when it is historically clear the Greek economy struggles to be competitive … there is the real stupidity.