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That's the reason why I think that it is even less likely to happen than the radical reform of the treaties proposed by Stiglitz.

And I am sure that, for political and ideological reasons, as well as national and individual pride, no political leader or party will dare to prepare a second class currency union until the crisis has happened. And once the crisis happens, it will be too late...

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Sun Aug 28th, 2016 at 03:31:10 PM EST
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