P!
Euros were always a phony currency and withing two years when the EU collapses every one will revert to their historical currencies. Euros will be wall paper.
And since he does not own the EU central bank, he will simply be looking at the flames in his rear-view mirror.
Is it any wonder that the smart free enterpriser favors the idea of private ownership ?
Remember 4 years ago when they said the EURO would replace the dollar?
The core problem with politicians is their faulty belief that they have to ‘do’ something big. Hence the rise and fall of ‘Euroland.’ How refreshing it would be to hear a politician say proudly he would make sure government did less.
the euro is the brainchild of a professor at Columbia whose name I don't recall.
I emailed him sometime around the late '90s or the turn of the century and expressed my concerns about the disruption the euro would cause in the financial order for dollar assets - specifically that competition for capital would drive up US borrowing costs, which I suggested would be ruinous at our level of debt. He replied, basically, "nahhh.."
Jean-Claude Trichet...this Euro apparatchik will get a nice fat pension so what does he really care. He wrecked Europe and let Muslims invade it same as his fellow Euro-Crats.