Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
   That sounds like a home-owner who refinances his home at a higher interest rate, pays penalties for late payments, bank charges on the over-drafts from penalty payments, and then, on top of it, pays a monthly rent on the same dwelling.

   So, let's review:

   "The Euro does not behave differently than the DM did."  

  (A truly marvelous subtlety is there; the Euro itself may behave similarly to the DM, but it produces very important disadvantages--which are different, that is, "not (necessarily) there," under the DM)  So: nope.

  "Now, they're back to paying the interest rates they were paying before the euro came along"

   Needless extra interest rates with, to boot, a punishing double-whammy effect if steps are taken to reduce one.  So: nope.

    Jake, whatever you're earning, it's less than you deserve.

"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 03:22:14 PM EST
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