Quote:
Originally Posted by Chris
It's already happening. The formal withdrawl of one or more member states from the single currency isn't the starting point of the collapse (mind you, it's not the end, either). From what I'm reading, the financial markets have for some time now been treating their dealings with each Eurozone member as if they are dealing with a country that belongs to a fixed exchange rate mechanism, rather than a single currency. So far as the money bags are concerned, it's already a done deal.
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We can only hope that this belief will mean that when the 'inevitable' happens, the fallout won't be quite as bad as it would have been had they accepted the Eurocrats' version of reality.