Given the deepening distress in these countries, experts said they were surprised that there had not already been more complaints. (...) Part of the reason for the quiescence may be that Europe has remained steady despite the recent financial upheavals in the United States. Few countries, it seems, can contemplate trading the discomfort of a robust euro for the vagaries of their old currencies. (...) Europe's monetary union may be lasting, but it is not widely loved.
Part of the reason for the quiescence may be that Europe has remained steady despite the recent financial upheavals in the United States. Few countries, it seems, can contemplate trading the discomfort of a robust euro for the vagaries of their old currencies.
(...)
Europe's monetary union may be lasting, but it is not widely loved.
So it's either doomed or undemocratic. As usual In the long run, we're all dead. John Maynard Keynes
The US Federal monetary union's dollar, on the other hand, appears to be loved (by these guys anyway) but it's maybe not going to be lasting.... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
In Spanish we say:
"Si da el cántaro en la piedra o la piedra en el cántaro, mal para el cántaro"
"If you give the pitcher on the stone or stone in the pitcher, bad for the pitcher"
So? A good pension in euros and march to live in Buenos Aires, for example? Is there somewhere very cheap in Europe, instead of Buenos Aires? When Procrustes looks after you, you're sure to fit in.
