02 October, 2011
Europe
I have been much interested in the sovereign debt problems of the poor countries of Europe and how the creation of the Eurozone and the single currency, has removed the former main method of dealing with individual economic problems, namely currency devaluation, from the unfortunate members. How fortunate are the U.K. and the Czech Republic under my favourite President, Vaclav Klaus, (to name two), in not being members. The linked speech by Daniel Hannan, the member of the European Parliament for South England, strikes an appealing chord.
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1 comment:
yes, again I have to agree. this Euro model seems to saddle "lazy economies" eg Spain, Greece, Portugal to the engine rooms-Germany and France. France could become a basket case if not careful
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