Display:
So sooner or later we'll have to join the Euro, so  the banks will be able to pay their debts back?

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Apr 12th, 2008 at 06:17:35 PM EST
[ Parent ]
More like fall off the euro peg.

Then maybe rename the currency the peso?

Fai de bèn a Bertrand, te lou rendra en cagant

by redstar on Sat Apr 12th, 2008 at 08:16:47 PM EST
[ Parent ]
... hmmm ... how much has the UK changed since the 20's?

I mean, since the foolish effort to get back on a pre-war gold exchange rate in denial of shifting geo-economic realities led to a long spell of slower growth than its rivals?

I'm still hoping to get some spare coin while the US$ is still a useful margin below $2.00/€

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 Sun Apr 13th, 2008 at 06:24:47 PM EST
[ Parent ]
BruceMcF:
how much has the UK changed since the 20's?

I mean, since the foolish effort to get back on a pre-war gold exchange rate in denial of shifting geo-economic realities led to a long spell of slower growth than its rivals?

And also led to the 1925-9 credit bubble in the US, with known consequences.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Migeru (migeru at eurotrib dot com) on Mon Apr 14th, 2008 at 06:08:29 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series