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  "It was designed for the core, and it would have worked for the core."

    In that case, I see the virtues of all but "the core" leaving the E.U.--IOW, "getting rid of Germany" in a manner of speaking--and joining instead a trade & currency alliance with China, India--maybe Brazil, Indonesia, and Canada would like to belong, and, perhaps Russia, though personally I think Russia more naturally belongs with "the core" you refer to.

"In such an environment it is not surprising that the ills of technology should seem curable only through the application of more technology..." John W Aldridge

by proximity1 on Thu Jun 2nd, 2011 at 09:57:53 AM EST
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China wants to revalue its currency just to make some smaller european countries happy.
by IM on Thu Jun 2nd, 2011 at 12:49:05 PM EST
[ Parent ]
Uh, no.

But China might want to allow its currency to appreciate against a few small European countries, if that means it gets to use them as bridgeheads into the Common Market. Sort of like how the US used Britain as a Trojan horse into the EU.

Mind you, that won't do anything good for European solidarity. But I think we passed the event horizon on that around the time the Troika started suggesting selling off the Acropolis.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Jun 2nd, 2011 at 02:54:42 PM EST
[ Parent ]

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