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roamer65

(36,739 posts)
17. It's best for them to get out of the Euro as quick as possible.
Mon Jun 29, 2015, 03:58 PM
Jun 2015

Political union really must come before monetary union. The Euro is becoming the prime example of said error very quickly.

We did not have true currency union in the United States until the 1857 Currency Act. Before that act, our dollar circulated right along side Spanish colonial Reales. In fact, our 50 cent pieces during that time frame were thought more of as 4 reales more than they were 50 cents.

For all the talk of Germany vs Greece, it really seems that it's Greece vs the rest of Europe geek tragedy Jun 2015 #1
It's how Tsipras needs to frame it. Igel Jun 2015 #5
Will the world's current super-economy come to the rescue? JDPriestly Jun 2015 #2
Every country, state, province, city, town, neighborhood, home... SoLeftIAmRight Jun 2015 #3
True. And for us in California, we may have to do that through different technology than JDPriestly Jun 2015 #4
Taking yourself of the grid? brooklynite Jun 2015 #12
Working that way SoLeftIAmRight Jun 2015 #18
If the Chinese are willing to throw their money at Greece, they should go for it. geek tragedy Jun 2015 #6
Have you traveled in Greece? JDPriestly Jun 2015 #7
Greece was part of Turkey for centuries. geek tragedy Jun 2015 #8
Greece was conquered by Turkey. JDPriestly Jun 2015 #10
Your argument is that hordes of ISIS and Turkish fighters geek tragedy Jun 2015 #14
It might not be ISIS and certainly not Turkish fighters, but like Italy, JDPriestly Jun 2015 #16
Our manufacturing sector isn't remotely declining Recursion Jun 2015 #33
Hard to believe. Our infrastructure is just pitiful for the most part. JDPriestly Jun 2015 #36
Heavy plant, chemicals, and chips mostly Recursion Jun 2015 #37
Here is the problem: JDPriestly Jun 2015 #40
Manufacturing is America's forth largest employer according to the US Government. hack89 Jun 2015 #44
Please see my post # 50. JDPriestly Jun 2015 #51
Here is the extent of the decline of our manufacturing sector: JDPriestly Jun 2015 #50
Notice at no point did US manufacturing decline Recursion Jun 2015 #52
I do not believe your assertion. JDPriestly Jun 2015 #59
If this goes through... Xolodno Jun 2015 #9
In terms of the political and strategic balance in the world, it is about the most short-sighted, JDPriestly Jun 2015 #13
Shortsigted....Maybe...Maybe Not. Xolodno Jun 2015 #19
Why would industries pop up? hack89 Jun 2015 #22
They import a lot because... Xolodno Jun 2015 #24
But if companies can supply those needs while based in the EU hack89 Jun 2015 #29
Dude...your're just looking for absolute doom and gloom... Xolodno Jun 2015 #30
And the EU will impose retaliatory tariffs in return hack89 Jun 2015 #31
Which will solidify.... Xolodno Jun 2015 #54
There will be an exodus of Greek based companies hack89 Jun 2015 #20
Not if you offer more favorable... Xolodno Jun 2015 #23
If this left of center government fails when the economy falls apart, Greece JDPriestly Jun 2015 #38
Venezuela is the perfect example of a weak currency in a global economy hack89 Jun 2015 #47
Venzuela is a command economy.... Xolodno Jun 2015 #55
How many US states and cities have been raped by companies hack89 Jun 2015 #56
Ok...I give up. Xolodno Jun 2015 #57
"massive speculation at this point" - you broke my irony meter. nt hack89 Jun 2015 #58
No internal tariffs... brooklynite Jun 2015 #28
You can't tariff within the EU Recursion Jun 2015 #34
Surrendering your currency equals surrendering your sovereignty. roamer65 Jun 2015 #11
True. But it will be very painful. And the geopolitical repercussions could be tremendous JDPriestly Jun 2015 #15
It's best for them to get out of the Euro as quick as possible. roamer65 Jun 2015 #17
Yeah, the Euro idea of "one size fits all" is just a bad idea. geek tragedy Jun 2015 #39
I wouldn't be surprised if they've fired up the Drachma printing presses already <nt> bigworld Jun 2015 #21
Then comes hyperinflation, then a military dictatorship. candelista Jun 2015 #25
Tsipras calling for a third bailout. Should make headlines soon. joshcryer Jun 2015 #26
" if an aid-for-reforms deal were struck with Athens" geek tragedy Jun 2015 #35
The Billionaires Class Extortion of Greece Continues WDIM Jun 2015 #27
Okay. Greece doesn't pay any new debts, and doesn't incur any new debts. geek tragedy Jun 2015 #32
Russia has defaulted multiple times, with impunity. closeupready Jun 2015 #41
Russia has natural gas to sell to Europe. Greece has.....? brooklynite Jun 2015 #42
Greece's strategic location has been noted by others here closeupready Jun 2015 #43
Technical Note: Historians of World War I might disagree with you about Belgium's KingCharlemagne Jun 2015 #48
Okay, yes, thanks for the correction. closeupready Jun 2015 #49
Eurogroup Concludes Meeting; Juncker Says Big Things Happening Bosonic Jun 2015 #45
LOL, something big DID happen; Greece defaulted. closeupready Jun 2015 #46
I'd suggest Greece sign some trade agreements like the TPP. Life will be hell there without Hoyt Jun 2015 #53
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