Newsweek reports that the Greek financial crisis may well bring an end to the Euro.
My comment is: Can you promise me this?
The euro was not voted on by the nations that adopted it. Currencies that were used for hundreds (even thousands) of years: Peseta, Mark, Franc, Schilling, Drachma were swept away with little more than a fare-de-well. The elites came up with this currency. It’s not backed by gold. The European Central Bank issued it. That means France and Germany. Maybe all Hitler needed was a bank! Yes there were to be financial requirements. However, how to enforce it? Only to kick the nation out of the eurozone.
Now the crisis is afoot. The crisis might be the end for the EU:
Europe now faces a much bigger decision than whether to bail out Greece. The real choice is between becoming a fully fledged United States of Europe, or remaining little more than a modern-day Holy Roman Empire, a gimcrack hodgepodge of “variable geometry” that will sooner or later fall apart.
Good. It ought to be US policy to liberate the people of Europe from oppressive government.
To add insult to injury, the IMF (read the broke USA) just bailed out Greece. It’s scary that we cannot directly stop the IMF action. However, I wonder: Will Greece bail us out? I’ll take my Social Security check in drachmas, please…