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**Chris** · 14-02-2013, 23:05

I think you misunderstand what has happened with Greece. They could have jettisoned it last year but did not; they could not bear the fact that this would prove the Euro was reversible. Greece is locked in for the sake of 'The Project' and the result is grinding poverty and unemployment.

The Eurozone faces unending decline because there is no politically acceptable way to stabilise it. A single currency needs a single fiscal policy. The Eurozone does not have one and is not going to get one any time soon. The sort of treaty change required will take years to thrash out and is likely to be a step too far for German taxpayers who will be told they have to endlessly write cheques to pay for the deficiencies of the southern 'Club Med' economies.

14-02-2013, 23:05	#986
Chris Trollsplatter Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 38,264	Re: Eurozone will collapse... I think you misunderstand what has happened with Greece. They could have jettisoned it last year but did not; they could not bear the fact that this would prove the Euro was reversible. Greece is locked in for the sake of 'The Project' and the result is grinding poverty and unemployment. The Eurozone faces unending decline because there is no politically acceptable way to stabilise it. A single currency needs a single fiscal policy. The Eurozone does not have one and is not going to get one any time soon. The sort of treaty change required will take years to thrash out and is likely to be a step too far for German taxpayers who will be told they have to endlessly write cheques to pay for the deficiencies of the southern 'Club Med' economies.