Quote:
Originally Posted by Osem
I think we all know that if need be (i.e. things get bad enough) the rules will be changed. Anyway, I hope that's the least of our worries with regard to the EU.  |
The thing is will it really get bad enough? I think that point as passed with Greece representing the abyss they managed to avoid. If the Eurozone is to collapse then it would be the result of another major, unforeseen, crisis. Either the collapse of a big bank or the default of the country such as France or Spain. I know people are still saying it's about to fall over but they've been saying this for a while yet. The fact is Europe went all in on the Euro when the decision came.
If they start to recover then the real question is if they'll address the inherent weaknesses in a shared currency that have emerged. If they don't then we're all just biding time until the next major recession, if they do then the Euro might be with us for a long time to come.