Reply #8: exactly [View All]

[reggie the dog]

I am much happier to have Euro today than I would be if I had French francs. I have more confidence in the Euro staying stronger than I would for the mark, the franc, the lira all divided. Half of Europe is in a depression because wages stagnated while housing, oil, food, and goods prices went up in combination with the constant delocalizing of our factories elesewhere. Is the UK not in a depression yet?? The pound is falling like a rock, wages are stagnating in face of inflation of prices, jobs are constantly being delocalized, like in the rest of EU more and more young people see "no future, no future for meee" so I think we can see the USA's the UK's and the EU's problems have other root causes going back to the seventies, not the fact that there is a shared monitary zone. Having said that he makes some pertinent critiques of the contraintes the Euro candidate countries are under.