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Um, perhaps the EMU needs two Euros, one for the north and another for the south, a NEuro and a SEuro? Then EU policy could be directed to converging the two monetary units instead of grinding the southerners into dust.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Mar 5th, 2010 at 10:50:32 AM EST
[ Parent ]
The EU needs a true EU-wide fiscal and industrial policy, EU-wide redistribution, or to ditch the Growth and Stability (Suicide) Pact...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Fri Mar 5th, 2010 at 12:40:28 PM EST
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