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By breakup of the monetary order do you mean a breakup of the Eurozone? As in retaining the Euro for the core members and having all the "weak links" (which have a tendency to multiply anyway) return to national currencies? Or a series of sovereign defaults in the peripheral countries? Or both? Or what else?

What would you think all that will mean for common Europeans north and south, in terms of their daily lives, and in terms of prospects? What would it mean for the EU as a project?

The way you are describing it, if I understand correctly, there will be no winners in this - apart from very rich speculators...

The road of excess leads to the palace of wisdom - William Blake

by talos (mihalis at gmail dot com) on Sun Apr 10th, 2011 at 05:15:44 PM EST
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