What rubbish... Euro's need to be stamped, borders closed, wtf...

  1. 392 Posts.
    What rubbish... Euro's need to be stamped, borders closed, wtf is the article your referring to on about..
    How did we get here?

    We listened to economists who managed convince Euro members that giving up their monetary sovereignty, including their unlimited fiscal capacity and exchange rate auto stabilizers and embracing a foreign currency that would leave their own policy at the mercy of bond markets was a great idea.

    Turns out it wasn't.

    Quote from Steve Keen in his book 'debunking economics' back in 2001.
    "Thus the economic conditions imposed to achieve a monetary union in Europe could enforce a perment recession upon Europe, and compromise the ability of its governments to counteract any severe downturn in economic activity".

    Yes the Eurozone was designed to fail, and it really didn't take too long did it..
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.