Comments on: The euro zone’s self-fulfilling spiral

By: mgb500

mgb500 — Fri, 25 Nov 2011 21:10:50 +0000

Until a few weeks ago, the idea that the euro wouldn’t survive the current debt crisis was a fringe view.

Errrr no! To anyone with a scrap of common sense, it was blindingly obvious that this made-up currency was doomed from day 1!!!

Now, I’m waiting for the next war…that is coming sooner that people think!

By: mgb500

mgb500 — Fri, 25 Nov 2011 21:10:36 +0000

Until a few weeks ago, the idea that the euro wouldn’t survive the current debt crisis was a fringe view.

Errrr no! To anyone with a scrap of common sense, it was blindingly obvious that this made-up currency was doomed from day 1!!!

Now, I’m waiting for the next war…that is coming sooner that people think!

By: Corrigenda

Corrigenda — Tue, 22 Nov 2011 17:32:13 +0000

Let reality take its course. We must now let the Euro revert to being a separate currency within Europe and we must let any nation convert to one of their own if they wish or need to devalue.

By: ARJTurgot2

ARJTurgot2 — Tue, 22 Nov 2011 17:07:54 +0000

“Until a few weeks ago, the idea that the euro wouldn’t survive the current debt crisis was a fringe view.”

No, actually some pretty astute mainstream people have been saying that all along, they just weren’t listened to. Rejection of Maastricht has been a political reality since the early ’90′s, and the structural problems were obvious then, to whole countries like Denmark.

By: Eric93

Eric93 — Tue, 22 Nov 2011 16:07:27 +0000

I’m sick and tired of people pushing the ‘Domino Theory’ BS on us. It’s that kind of nonsense that got the US into the Vietnam War. It’s like that generalizing that the whole barrel of apples is bad because you found two or three in there. There is solidarity only where there is a common view and interest. And these generally involve a common mentality. Greece obviously doesn’t share a ‘common mentality’ with Germany. It isn’t even really a European country for this same reason. It should never have been let into the EU (same with Cyprus) let alone the Eurozone.

By: Ecclesiastes

Ecclesiastes — Tue, 22 Nov 2011 10:54:21 +0000

Τhe two unintended consequences are not negative:
(a) marking to market ==> truth v/s fiction
(b) showing that CDS are paper tigers ==> re-learning to judge risk instead of insuring against it.

By: scyth3

scyth3 — Mon, 21 Nov 2011 13:58:33 +0000

For example, “sensible policies” – an article by Sebastian Tong, UK Reuters: “Baltic experiment has lessons for euro zone”

Sebastian is providing well-focused policy analyses rather than frothing up old soundbytes.

http://uk.reuters.com/article/2011/11/11 /uk-eurozone-soe-reform-f-idUKTRE7AA3XA 20111111

By: changeling

changeling — Mon, 21 Nov 2011 13:33:31 +0000

I continue to be amazed by the general belief out there in “journalist land” that the Euro was/is a viable construct. We are watching the Euro die a slow and inevitable death. Why? It’s simple. A soveriegn nation that no longer has a soveriegn currency cannot effectively manage its own finances. The economically stronger partners in a shared currency will always end up “owning” the weak. We can see on the streets of Athens what Greeks think about becoming Germany’s southernmost province.

By: scythe

scythe — Mon, 21 Nov 2011 10:36:13 +0000

(quote) “The one thing that probably would restore confidence is if the ECB found some way of supporting governments that were pursuing sensible policies.”

Which governments?
Sensible policies… what does that mean in relation to the eurozone?

Other than that, this article seems a rehash of points already made over the last four weeks. Or rather, “prophecies”.

By: TB7W1B

TB7W1B — Mon, 21 Nov 2011 10:23:49 +0000

tHE WHOLE CRISES IS CAUSED BY UNPROFESSIONALISM AND DITHERING BY POPULIST POLITICIANS AND PARTICULARLY THE GERMANS HAVE CONTRIBUTED GREATLY TO THE CRISES SPEADING!
THANK YOU MRS. MERKEL, WEIDMANN AND SCHAEUBLE – YOU WANT TO TERMINATE THE EURO THEN PLS SAY SO!