Quote:
Originally Posted by Slava
No, its really not. I am so tired of hearing how we're the next Europe, or we will be. Europe is in the trouble its in for a lot of reasons, primarily is the monetary union without fiscal/political union to go along with it. Don't let that get in the way of a good line though.
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Actually, it is a lot of the reason. Greece is bankrupt because they funded every social program under the sun, not because of the Euro. Britain is pretty much in the same vote and as you know they still have their own currency. There are many factors as to why Europe is in the position that it is in, a major one being socialist policies that go un-checked and unfunded.
Now of course I don't expect you to agree with this given your left leaning beliefs but that is your choice.