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May 24, 2012

Madkentdragon's Blog

Another meeting and again no steps forward, it seems the Euro is a mystery that cannot be untangled.

On one side we have the Mediterranean Countries with their insurmountable debt and on the other we have the Germanic Countries with their stoic determination on braving the deficit and managing to live within their budgets.

The Euro was brought about as a trading tool so that all could trade with each other on a level field; unfortunately the origins were so uneven that this was bound to fail.

Several of the Countries could not meet the entry criteria for the Euro but, in their eagerness to gather them all in, these were either fudged over or ignored. Now it has all come back to bite them and the Countries who should not have joined the syndicate in the first place cannot cope.

They have had to pare back their over generous…

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