Quote:
Originally Posted by acl65pilot
More accurately, time to decouple from the Euro!
British Banks were told to do that last year. Yet, trading Euro debt has been profitable for Wall Street and those children just don't learn.
Greece is in an odd spot. It is having a currency collapse, but not its own currency. As money flees the Country it is actually feeding the Euro as money functionally flows from Greece to Germany (and to a lesser extent other currencies). The Euro has to Federalize (in which case I would agree with you) or just cut the laggards loose and risk the political instability in the civilization which invented Democracy and the Forum.
Delta was surprised last year. Turns out the rich and the bankers buy as many airline tickets as they ever did. Maybe even more.
Portugal, Ireland and Spain are where the real pin action is at.