Good points. I was willing to give it some good will when the Euro was launched, and at some time after the implementation it even seemed for a short while to be a thing that eventually could do some good, but I never was enthusiastic. But already before the economic crisis, I had changed my mind and oppose the Euro very much today.
http://www.theaustralian.com.au/news...-1225828483455
Quote:
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George Bernard Shaw once said if all the world's economists were laid end to end, they would never reach a conclusion. So it was astonishing when in 1998 a group of 155 well-known German economics professors issued a joint declaration, titled The Euro Comes Too Early, pleading that the introduction of the euro be postponed.
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What the article does not list is that some nationsk, especially Greece, had lied and betrayed to fulfill the access criterions for the euro. This was known in brussel back then. And it was ignored.
So what worth was this so-called Euro-stability-pact from the beginning on...???