Quote:
Originally Posted by klinton
The first move should be the Euro is brought under the control of one Chancellor so countries can no longer increase debt uncontrolled. The debts of separate Euro countries should be put into one pile and paid off by the whole group collectively.
where is euro central bank located ? does it have many locations or just one ? how many ruiling chairmans does it have? ever heard what happened to Greece, ireland, Spain, Italy ? Were their debts bailed out or not ?
you posting nonsense, you dont know the facts, and yet - you still posting.....
also - ever heard about Maastricht debt limit for each EU country ?
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Point out where they stop countries borrowing more than they can afford to repay and where the debt is centralised.
https://en.wikipedia.org/wiki/European_Central_Bank
It's because there was no control that allowed countries like Greece, Spain, Italy, Portugal to sink into debt.
Also, point out where the debt is wiped out by countries and centralised.