Comments on: Why the current europhoria will likely fade http://blogs.reuters.com/anatole-kaletsky/2012/09/13/why-the-current-europhoria-will-likely-fade/ Fri, 17 May 2013 12:23:15 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: scythe http://blogs.reuters.com/anatole-kaletsky/2012/09/13/why-the-current-europhoria-will-likely-fade/#comment-437 scythe Sun, 16 Sep 2012 19:23:53 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=104#comment-437 gee anatole, stop listening to those soros bedtime stories you know george makes his money from currency speculation luckily you struggle with your role as finger puppet for the City of London Corporation gee anatole, stop listening to those soros bedtime stories

you know george makes his money from currency speculation

luckily you struggle with your role as

finger puppet for the City of London Corporation

]]> By: reality-again http://blogs.reuters.com/anatole-kaletsky/2012/09/13/why-the-current-europhoria-will-likely-fade/#comment-436 reality-again Thu, 13 Sep 2012 19:48:34 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=104#comment-436 Remarkable article. The notion that the very culture of one nation can be forcefully altered by the monetary policy of another nation is unfounded, and unrealistic. And this is what it's all about: Italy and Spain will never become Mediterranean copycats of the Bundesrepublik, both because they can't, and because there's no real need for them to try. The euro deal was good for these countries as long as money was cheap, and no strings attached - Once these conditions no longer exist, the concept labeled 'Euro' has pretty much lost its meaning, and its raison d'etre. And obviously, the ECB can't save the euro by printing more of this currency, ad aeternam. Remarkable article.
The notion that the very culture of one nation can be forcefully altered by the monetary policy of another nation is unfounded, and unrealistic.
And this is what it’s all about: Italy and Spain will never become Mediterranean copycats of the Bundesrepublik, both because they can’t, and because there’s no real need for them to try.
The euro deal was good for these countries as long as money was cheap, and no strings attached – Once these conditions no longer exist, the concept labeled ‘Euro’ has pretty much lost its meaning, and its raison d’etre.
And obviously, the ECB can’t save the euro by printing more of this currency, ad aeternam.

]]> By: reality-again http://blogs.reuters.com/anatole-kaletsky/2012/09/13/why-the-current-europhoria-will-likely-fade/#comment-434 reality-again Thu, 13 Sep 2012 17:22:40 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=104#comment-434 Excellent article. I agree with the author, but I would argue even further that the technically, the ECB cannot resolve the euro currency problem by printing more euros. Moreover, this is not a currency problem, but rather the problems in the euro currency reflect a real divide in Europe, both economically, politically, and most importantly - culturally. The underlying problem is that this divide cannot be bridged or made to disappear by any known means, let alone by monetary tricks. The idea that Italy and Spain could somehow be turned into Mediterranean versions of Germany and the Netherlands is unfounded. Furthermore, there is no real need to turn these nations into copycats of the Bundesrepublik, and it's not the only model out there that works. Get real, please! Excellent article.
I agree with the author, but I would argue even further that the technically, the ECB cannot resolve the euro currency problem by printing more euros.
Moreover, this is not a currency problem, but rather the problems in the euro currency reflect a real divide in Europe, both economically, politically, and most importantly – culturally.
The underlying problem is that this divide cannot be bridged or made to disappear by any known means, let alone by monetary tricks.
The idea that Italy and Spain could somehow be turned into Mediterranean versions of Germany and the Netherlands is unfounded. Furthermore, there is no real need to turn these nations into copycats of the Bundesrepublik, and it’s not the only model out there that works.
Get real, please!

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