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jammies · 04-10-2008, 02:53 PM

I never understood the allure of a common currency for those countries in the first place - they were yoking dissimilar kinds of economies together for no discernable purpose other than hoping it would counterbalance the influence of the US dollar. You don't NEED a common currency to run an efficient common market, as the Europeans themselves proved over decades before they got the Euro.

That being said, they are rather caught now - any country that leaves will be taking a huge economic hit. They would be better served by sticking with it and pressuring to have more say in economic policy. However, it is easier for politicians to put the blame on faceless bankers in Germany than to preach stringent measures at home.

04-10-2008, 02:53 PM	#2
jammies Basement Chicken Choker Join Date: Jan 2007 Location: In a land without pants, or war, or want. But mostly we care about the pants. Exp:	I never understood the allure of a common currency for those countries in the first place - they were yoking dissimilar kinds of economies together for no discernable purpose other than hoping it would counterbalance the influence of the US dollar. You don't NEED a common currency to run an efficient common market, as the Europeans themselves proved over decades before they got the Euro. That being said, they are rather caught now - any country that leaves will be taking a huge economic hit. They would be better served by sticking with it and pressuring to have more say in economic policy. However, it is easier for politicians to put the blame on faceless bankers in Germany than to preach stringent measures at home. __________________ Better educated sadness than oblivious joy.