Quote:
Originally Posted by NewNick
Lesson No. 1.
You cannot run a single currency unless you have a unified fiscal policy which governs levels of taxation and government spending.
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Few EU countries would of joined the Euro with those rules. Especially Greece, probably Italy, Spain and Portugal. The EU is the bureaucrats and politicians wet dream. The had a good trade agreement with the Common Market. Since then have taken every step they can to make Europe one Federal State. With populations who see themselves as people of their country first and Europeans a poor second.
Quote:
Originally Posted by Robbie
You give people motivation to work and they will. You take that away from them and give them motivation to NOT work...then that's what they will do.
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Works like that in America with so many Americans caught up in the consumer race, going for the American Dream. Greeks and most of Southern Europe's people are very different. They will only work hard enough to get the essentials. Preferring a quieter life than working "50" hours a week and striving for the next gadget or a bigger car.
There's the problem the EU has to face head on. The Greeks, Spanish, Italians, should never of been given a blank check book.