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"The situation in the Eurozone is dramatic, not to say desperate.
"We have record inflation, a record trade deficit, record national debts, continuing deindustrialisation, growth still at half-mast and, finally, an increasing loss of confidence of investors and economic actors.
"The euro is a system that has reached the end of its tether, but this is not very surprising, since the euro has always been a totally dysfunctional monetary system, which the Europeanists have wanted to keep alive at all costs, through a dogmatism that is truly irrational.
"Today, the people who make up the EU are simply about to pay the price of this political choice, which bore the seeds of disaster within it."
"The euro fanatics preferred to persist in their error and to keep the euro alive at all costs, rather than saving the standard of living of the people.
"The EU inevitably shot itself in the foot: it reneged on its principles and its own rules aimed at maintaining economic stability for a frantic, suicidal headlong rush that has led today to the euro crisis we are experiencing.
"From a false good idea, the euro has become a trap that is now closing in on us.
"But what we can reproach the most to the Europeanists is their complacency and their inability to question themselves in the face of a system that does not work: they prefer to lead us into the wall and to persist in denying reality rather than to show lucidity and to admit their mistake."
"The question concerning the euro is not whether this currency will explode or not.
"The euro will explode because the problems it poses are insoluble and because the crisis for which it is mainly responsible, as well as the divergences it creates between nations, will become too strong for it not to explode.
"It's simple logic: the euro exploded the debt, and now the debt will explode the euro.
"The real and vital question is now to know when and under what conditions the euro will explode."
Other than copying Ken Clarke for his first term, perhaps Gordon Brown's only real success as Chancellor was fending off Blair's desire to tie us into the Euro.
Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.
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How long will the Euro last? on 12:20 - Jul 31 with 2049 views
How long will the Euro last? on 09:45 - Jul 31 by Dr_Winston
Other than copying Ken Clarke for his first term, perhaps Gordon Brown's only real success as Chancellor was fending off Blair's desire to tie us into the Euro.
I think Brown understood that neither the public nor the City of London (at the time) would accept it...it was a ludicrous idea from the start, an attempt to put the cart before the horse with the mistaken, foolish, idea that the horse would be dragged downhill by the cart attached around it's neck.
Blair was a total disaster for this country. Devolution. Iraq war. Laying the conditions required for the 2008 financial crash. Massively expanding the state. The destruction of education....
...the adoption of the Euro would have topped it all off.
How long will the Euro last? on 09:45 - Jul 31 by Dr_Winston
Other than copying Ken Clarke for his first term, perhaps Gordon Brown's only real success as Chancellor was fending off Blair's desire to tie us into the Euro.
Absolutely and I mentioned this in another thread... thankfully Gordon Brown helped us keep Sterling. £1.19 to the Euro last time I looked.
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How long will the Euro last? on 13:10 - Jul 31 with 2022 views
How long will the Euro last? on 12:20 - Jul 31 by Kerouac
I think Brown understood that neither the public nor the City of London (at the time) would accept it...it was a ludicrous idea from the start, an attempt to put the cart before the horse with the mistaken, foolish, idea that the horse would be dragged downhill by the cart attached around it's neck.
Blair was a total disaster for this country. Devolution. Iraq war. Laying the conditions required for the 2008 financial crash. Massively expanding the state. The destruction of education....
...the adoption of the Euro would have topped it all off.
I don't know but maybe a bigger question is what happens to the EU when/if the Euro collapses? It's possibly going to make brexit look positively genius!
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