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I have made it abundantly clear that the most I would hope for is that the intital founders of a SEURO would actually take the steps to form such a union. The rest would be driven by events and consequences. Else the whole argument would be pointless, as most already assume it is.

As to justification, all I am arguing is that it is better to have some prepared position that is inherently left compatible into which EMU members that are unable to endure a collapse of the EURO and the chaos of again having a small economy and currency could take refuge or fall. It is, inherently, as strategy for desperate times. If it is better than nothing it will have achieved something.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Aug 29th, 2016 at 01:42:48 PM EST
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