Greenspan: Why European Union Is Doomed to Fail

[Grandluxe]

Why not follow the "One country, two systems " formula for China/HongKong as envisioned by Deng Xiaoping ?

In this case, one union, many systems. There should be three monetary systems, Northern Euro, Southern Euro and a Slavic Euro and then move towards convergence via rigorous identifiable metrics.

 

[trefoil]

No, they should just blow it up and go back to their own currencies. The euro is a solution to nothing, and a problem for everyone.

 

[nitro]

"...The ECB has been buying Spanish and Italian bonds for more than two months in an effort to push down their debt yields and funding costs, with investors fearing that both countries could be headed the same way as Greece, Ireland and Portugal, all of which have received EU/IMF bailouts...."

http://www.publicbroadcasting.net/w...o.urge.ECB.to.buy.more.bonds..Germany.at.odds

A complete disaster waiting to happen.

 

[nitro]

"Indexes widened slightly on news ..."

http://www.tradesignalonline.com/charts/news.aspx?id=867930&filter=&catid=0

EUROBONDS don't buy anything will be resolved.

 

[tradingjournals]

If Greenspan has a PhD, where is then his doctoral dissertation and its public defense?

 

[Andromeda]

No, I don't think it's possible

 

[tradingjournals]

Quote from Andromeda:

No, I don't think it's possible

What happens after the last domino?

 

[nitro]

Quote from zdreg:

does empathy, which seems prevalent among Americans, gain u a place in heaven?]

http://www.nytimes.com/2011/09/30/o...-of-empathy.html?_r=1&scp=1&sq=empathy&st=cse


all talk(" feel solidarity") no action is typical of a feely good education.

cry me a river.

I agree 100% with what he is saying. However, I think people do act on their empathy. Even in this case, the Swiss took in Jews at high risk to themselves, as well as other acts of courage. Everyone does it in their own personal way, and to say that we should all act in some prescribed way is arguing against himself. It might be as simple as, I won't vote for that person, or I will go out of my way to be more accomidating in my personal life, etc etc.

But I do know what he means. Let other people demonstrate on OWS etc...

Not on topic, but I don't really care.

 

[ASusilovic]

Quote from nitro:

While I feel solidarity with Greece...

You should revisit your "feelings"...Greece has "fabricated" for years their debt balance sheet. Goldman and others have helped shielding the true extent of "borrowings".

Grünspecht (Greenspan) is right insofar that there is a large economic dicrepancy between European countries. Before the EURO there was an automatic currency depreciation/appreciation buffer. I think, I am not the only one who wishes back good, old German D Mark.

 

[southall]

The eurozone has “already collapsed” and is disappearing as the region is on the brink of a banking crisis that will destroy the currency, said Zafer Onat, the chief executive of FinansInvest, a Turkish broker owned by National Bank of Greece SA.

http://www.bloomberg.com/news/2011-...uro-will-disappear-finansinvest-ceo-says.html