Thursday, January 27, 2011

Buy euros

The single currency is finished, says Jeff Randall. The debt bill is too high for the Club Med nations and they will have to leave the zone.

Yeah ... but we've heard that before. This is a political, not an economic project, and the "colleagues" will do everything in their power to keep their "baby" alive – and some. So, where economics ends, politics takes over. They will ruin the economies of every nation in the EU rather than give up hope.

Many times and in many places, it is said that Merkel must bite the bullet. Let's even mix metaphors ... Germany has to pull the plug, or it will bring us all down. But when, we ask ... when?