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The Euro as executed was a bad idea.
by Colman (colman at eurotrib.com) on Thu Feb 23rd, 2012 at 08:05:55 AM EST
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The Euro as written was a bad idea.

So bad, in fact, that you can pretty much use it as a rule for how to set up currency unions: Do everything the opposite: Put the limits on state surpluses instead of deficits, put the limits on current account rather than sovereign balances, have parliament control the central bank instead of the other way around. And so on and so forth and etcetera.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Feb 23rd, 2012 at 08:14:27 AM EST
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