Ping.
Only unthinkable to the morons at the NYT.
People who know something about history - and who don’t substitute ideology for thought - have known that the Euro was a transient phenomenon since day one.
Here’s something even more unthinkable: the whole ediface is going to collapse. The only ones who will make out are currency speculators like George Soros.
I wouldn’t be surprised if they are already using the dollar as a de facto currency.
There is a definitive end point when a culture for three generations consumes more than it produces, creates unsustainable entitlements and squanders its capital on mindless consumption. That end point is not simply “dropping out of the euro.” The end point is poverty, misery and a loss of sovereignty.
I’ll be in Crete the last week of September. I guess I’ll get to see the collapse firsthand! :)
Europe has the oxygen mask on a dead patient and thinks the rigor setting is really muscle tone.
Interesting article. Makes me wonder how much arm-twisting Obamugabe is doing to the Greek government to delay the exit until after the election. Imagine if the exit happened in the next couple of weeks? That would be enough time for repercussions on the U.S. economy to hit. Even worse would be if it happened in early October. The fear and MSM prognostication would be worse than the actual effect.