Thought this might have got the ‘groupies’ agitated
eadwig - you miss the point (perhaps deliberately?), it will damage the EU economy most. We will get caught in the fallout. But us more if we stay with the EU - as you want!
Olovlam - ‘Italy is a wealthy nation… so the solution is there’ - strange argument. If true, why are French / German banks holding so much Italian debt and these rich Italians haven’t paid it of by now? In fact, Italy is trying to increase it’s debt rather than paying it off!
arsanias - OK, name the 'other economists. We can all then look at their theories / conclusions and make our own reasoned conclusions
PTN - would be happy to answer your post … however I cannot understand how your post has any relevance to the Eu and/or Italian debt!
macbonzo - there are some well-known ways people who disagree with a view can react
- It you don’t like the message - try to discredit the messanger (Stiglitz)
- Ask a question that if not answered, you can dismiss all the details of the argument as wrong and won’t happen. A specific date of the implosion of the Euro has so many variables that makes a specific date impossible. It doesn’t invalidate the trend of the Euro … at some point to either fail or be amended out of current recognition. The most rational argument is that there will have to be two (or perhaps more), euros. One at a level for the ‘rich’ northern countries with another for the poorer economies (generally the south) with an exchange rate set for a time, but available to be changed.
so what if Italian banks are up 2.5% today - the data was about FRENCH banks!
You will all be pleased to know that I’ve been posting recently as the weather has been c**p and I like winding up the ‘groupies’
Will sign off for a few weeks to get on with life and come back in a while to see if things on this BB have changed / improved.
Not optimistic …