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Greece? We're still talking about Greece?! Stay, go, whatever - Italy will self destruct within a year. 3rd largest bond market, G7 country, too big to save, Greece? Fugedabhadet.
It is rather hard to imagine this experiment producing a good final product. The Euro just doesn't have a political/financilal/judicial backing or structure that can completely manage itself. As a consortium of expectant willing partners, each with their own will and goals, it isn't a stable basis for the future. The partners have different expectations.
Ask the rich in the USA or any country if they want to constantly pay out benefits to those in their own country that are less affluent than themselves. Now multiply the response with a tinge of national pride and sending money to the less affluent in another country. Please!!!! It is a flawed model, based on HOPIUM.
Double standards. If you applied the same standards to USA, it would fall apart even sooner than Eurozone. 50 million Americans on food stamps, social mobility is a joke, way worse than in Eurozone. Public education quality in poor cities is very bad, not much more than kindergartens with armed guards for teenagers.
Where did that OWS movement started...from USA! Income differences are way more extreme than in Eurozone. Not to even mention access to health care and crime rates. It is USA which will fall apart much more likely due to extreme differences in society.
I had no intention of stating the USA was not similar in many ways, but there is one judicial and political system in the USA to react to those same issues. Not so in EU.
We even get discussion about Texas ceding the Union. Not gonna happen in the USA, but a country CAN leave the EU.
They won't leave until they are kicked out, come on.
France will not allow Greece to leave.
Oh, another American predicting the end of euro. If I threw a coin at Wall Street into a crowd, I would probably hit another "economist" also predicting the end of euro.
And the entire EU will fly apart in a week. Shall we spin the wheel one more time on this gamble we're taking?
the euro was doomed before it was started, a bad idea. if the canadian pipeline happens, the world economy will improve.
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