General Discussion
In reply to the discussion: ONE LAST TIME: Brexit, for the VAST MAJORITY of Leave voters, was about xenophobia [View all]roamer65
(37,813 posts)this chapter of the "EU death watch" will be into the history books, auntpurl.
As much as you may dislike Farage, he is right on one point. The Euro is a "straightjacket" that is killing the PIIGS. Those 5 countries need to come out of the Eurozone, re-establish their national currencies and devalue them to become competitive. If they do not, violent revolution will become inevitable. I predict either Portugal or Spain will soon join Greece in the "unstable" column.
The Euro will go down into future history books as a case study of why political union needs to happen before currency union. The United States did not have a single currency until the Currency Act of 1857. That is when we decreed the dollar to be sole legal tender.
As John F Kennedy said, "Those who make peaceful change impossible, make violent revolution inevitable."