Quote:
Originally Posted by sperbonzo
One currency? Hell, I don't see the Euro lasting more than 10 more years, max.
It just won't work. In order for a country to keep problems with their economy in check, they need to be able to devalue their currency in order to make their exports cheaper. Look at what is happening to Greece and Portugal. I personally predict that Germany will pull out of the EMU within 6 years.
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yeah this is the biggest problem with a one size fits all approach, countries like greece haven't got any control over things like interest rates to manage their own ecconomy.