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ntluser · 13-01-2012, 23:16

The problem for the Eurozone is that you have economies of varying strengths trying to maintain the Euro.

The matter is made worse by the debts of some of the weaker economies and the fact that the stronger economies are having to bail them out.

It would be simpler if they recognized the fact that the Euro was dead and allowed all economies to return to their original currencies at a level they could easily support.

Countries like Greece are just going to have reduce their spending and learn to live within their means like everybody else.

Trying to maintain the Euro is likely to end up dragging down all the other economies and if that happens the Eurozone will not be salvageable.

13-01-2012, 23:16	#478
ntluser cf.mega poster Join Date: Jun 2003 Location: Manchester Age: 78 Services: Virgin Media XL Telephone,TV with Tivo box & Superhub3 upto 150Mb Broadband, Sky World, & Freeview+ Posts: 1,901	Re: Eurozone will collapse... The problem for the Eurozone is that you have economies of varying strengths trying to maintain the Euro. The matter is made worse by the debts of some of the weaker economies and the fact that the stronger economies are having to bail them out. It would be simpler if they recognized the fact that the Euro was dead and allowed all economies to return to their original currencies at a level they could easily support. Countries like Greece are just going to have reduce their spending and learn to live within their means like everybody else. Trying to maintain the Euro is likely to end up dragging down all the other economies and if that happens the Eurozone will not be salvageable.