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The absurd thing is that it all might have worked if there had been some internal capital controls to reduce massive flows of funds from the core to the periphery. But the entire EU project is about the free flow of capital, goods, people and services. So ironically, to create a common currency, we would have had to roll back some of the basic principles of the union.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Dec 14th, 2011 at 06:19:30 AM EST
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