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Euro: A 'loose cannon on the deck of the world'?

Wookster Posts: 3,795 Forumite

27 September 2011 at 8:21PM in Debate House Prices & the Economy

Really excellent article from Paul Mason on the Beeb today.

http://www.bbc.co.uk/news/business-15076896

The parallels between the links to the gold standard & PIIGS in the Eurozone are quite stark.

Growth after exit from the Gold Standard:

Also, parallels between the communists of the 1930s and the unions today are also quite clear.

Weirdly, the strongest opponents of devaluation were the communists, who saw devaluation as the same as a cut in workers' wages.

Want to guess how that ended up for France?

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Euro: A 'loose cannon on the deck of the world'?

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