02-12-2011, 12:30
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#240
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Permanently Banned
Join Date: Oct 2011
Location: Radio Cairo, Hampstead, London
Services: 100 MB Broadband, XL Tv, Sky Sports and Movies HD, all other prenium channels, 3 TIVO, 2 V HD
Posts: 2,937
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Re: You vill do as ve say!
Quote:
Originally Posted by Chris
This is the only way a single currency can work. It's how it works in the USA; some states are richer, some are poorer, and they have their own limited ability to set and collect local taxes, but there are rules and fiscal transfers to keep a unified US economy from collapsing.
The logic is inescapable - they either abandon the Euro, or watch it collapse, or else put in place the measures required to operate it properly.
Just be thankful Bliar never got his way or else we'd be getting sucked into this now too.
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Well said!
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