Quote:
Originally Posted by Chris
Not meaning to sidestep the question but it has been addressed at length in the Eurozone Colapse thread, many times over.
In essence, without a system of federal tax and redistribution, the Eurozone will always inevitably end up in the situation it is now in, with countries like Greece, Italy and Ireland coming perilously close to bankruptcy while massive amounts of currency accumulate in more efficient states like Germany. Bailouts have followed protracted negotiation and brinkmanship whereas in a properly functioning diverse currency zone, such as the USA, it is automatic.
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Sounds suspiciously like being fundamentally flawed and a recipe for long term political mayhem then...