Quote:
Originally Posted by nomadking
As long as you have irresponsible Socialist spending, it doesn't matter one little bit whether it's a single currency or each to it's own.
Which leaders are you referring to?
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If it's a single currency i.e. the Euro, countries will be trapped in the financial straight jacket which sees prudent countries bailing out their less prudent neighbours. If each country has its own currency its fate lies in its own hands not in the hands of outsiders, though as you say you could have a bad government spending unwisely.
As for leaders, I meant it in two senses. Firstly, that Germany and France seem to think it's other EU countries that need to apply self-discipline to their finances. Secondly, that the leaders of countries taking austerity measures minimise their loss at the expenses of others. UK ministers on salaries of 60k plus took a 5% cut while making lots of other people on lower salaries take an unnecessary 100% cut by making them redundant.They forget that some people actually have to live on the equivalent of the 5% cut which the Ministers took.