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... a lot of countries have tried this trick of keeping a strong currency on the back of a weakening economy, and it does not usually end up well.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Thu Feb 28th, 2008 at 12:29:58 PM EST
[ Parent ]
What do you make of the arguments that a strong Euro is going to kill the Italian economy?

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Thu Feb 28th, 2008 at 05:35:33 PM EST
[ Parent ]
Nothing some appropriate transfers from the rest of the Eurozone can't fix.
by Colman (colman at eurotrib.com) on Thu Feb 28th, 2008 at 05:43:47 PM EST
[ Parent ]
A lot of ideological baggage needs to be dropped in the European Union before that can happen.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Thu Feb 28th, 2008 at 05:45:40 PM EST
[ Parent ]
Shock Socialism.
by Colman (colman at eurotrib.com) on Thu Feb 28th, 2008 at 05:49:20 PM EST
[ Parent ]
Maybe Italy should do some structural changes in its economy instead?

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Fri Feb 29th, 2008 at 10:15:48 AM EST
[ Parent ]
... I reckon the EU can manage it ... and if it can't, I'm not close enough to the facts on the ground to work out what the pitfalls are.

Of course, whether it will or not, that is always an open question, but I reckon it can be done.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Thu Feb 28th, 2008 at 06:44:11 PM EST
[ Parent ]

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