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The dangers of a strong currency

245

Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ILW wrote: »
    So idiotic behaviour all round then.

    Indeed.
    Just goes to show that a single currency is an unworkable idea without total fiscal and economic union.

    The single currency was supposed to be a stepping stone towards greater fiscal and economic union. You can't blame a currency for the failure of leaders to achieve what they set out to do in a timely manner.

    As I've said many times, the solution is a United States of Europe.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Rinoa wrote: »
    You're beginning to sound like Nigel Farage. :D

    Damn.

    Hoping you hadn't noticed.

    [Looks through UKIP PR manual]

    "My account's been hacked!!!!!"

    "My account's been hacked!!!!!"

    "My account's been hacked!!!!!"

    :D
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • ILW
    ILW Posts: 18,333 Forumite
    Indeed.



    The single currency was supposed to be a stepping stone towards greater fiscal and economic union. You can't blame a currency for the failure of leaders to achieve what they set out to do in a timely manner.

    As I've said many times, the solution is a United States of Europe.

    I believe that is not what the vast majority of people living in Europe want though. I know I would hate the idea.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Indeed.



    The single currency was supposed to be a stepping stone towards greater fiscal and economic union. You can't blame a currency for the failure of leaders to achieve what they set out to do in a timely manner.

    As I've said many times, the solution is a United States of Europe.


    You are correct it isn't the currency's fault it is the politicians for embarking on widely ambitious programmes with little long term planning, no change there.

    Why do we need a USE?
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why do we need a USE?

    Why don't we?
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • ILW
    ILW Posts: 18,333 Forumite
    Why don't we?
    How about, don't fancy my taxation being decided by a Greek politician.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ILW wrote: »
    How about, don't fancy my taxation being decided by a Greek politician.

    So as always this seems to boil down to "them and us".

    Not a terribly good reason, tbh.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • ILW
    ILW Posts: 18,333 Forumite
    So as always this seems to boil down to "them and us".

    Not a terribly good reason, tbh.
    Nothing of the sort.
    I just prefer a more local approach where (in theory) I have a little more say and have a better chance of expressing an opinion through an election.

    Would you fancy a Greek or Cypriot politco as EU chancellor deciding on economic policy?
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    quite clear then

    all the world's economic problems will be solved if everyone devalues
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ILW wrote: »
    I just prefer a more local approach where (in theory) I have a little more say and have a better chance of expressing an opinion through an election.

    You should buy a small island and try to secede from Britain then.

    What could give you more say than an electorate of one?
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
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