The Big Picture
Intrarea postată de sarrafx ·
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I am Eurosceptic with a capital E!
My views on the Euro were forged as far back as 1992 when the Maastricht treaty was first signed.
I felt like the boy in the children's story of The Kings New Clothes. In the same way that the boy could see that the king was naked, I could see that the single currency was a potential disaster and I was very pleased that my country (U.K.) would not be participating.
I do not consider myself a grand sage or predictor of future events. However the vision of one size fitting all was the most preposterous idea I could think of.
Having studied economics and seen at first hand while trading their currencies how Spain and Italy managed their economies it was clear that they would never be able to manage the fiscal discipline of the German model. Their high inflation, high interest rate economies seem to fit nicely the persona of the people and therefore the image of the country. Equally, the discipline of Germany reflected perfectly the persona of their people and therefore the image of the country.
How this was going to work in one big melting pot was something that has been keenly observed over the past twenty years as it has evolved to where we are today.
Read more - http://www.sarrafx.com/en/view-blog-article/44/The-Big-Picture
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