I am a division 2 businessman.
And yet since the inception of the Euro single currency I have managed to predict with absolute clarity where it would end up. You cannot apply a single currency equally to succeeding and failing economies, varying cultures and work ethics and completely different fiscal policies.
With a single currency if a country goes bankrupt it cannot devalue its currency and recover. There is no safety valve.
Any idiot could see that.
And that is why the Euro is going to ‘end up’ very soon indeed.
That is because people and nations will always vote and act in their own interests.
Therefore bye bye to the Euro.
Hello to its legacy of chaos which will last for a generation.
Filed under: european union Tagged: | euro, sovereign debt crisis
