TARP Two

ZenGum · 12-02-2011, 12:48 AM

Please don't say "Eurodollar". It's called the Euro.

Of course Greece and Italy (etc) want to hang on to the Euro, so as to get the Germans to cover their debts. The risk is either the PIIGS getting kicked off the Euro, or of Germany (and maybe France) walking away and returning to their own currency.

Monetary union without fiscal union could only work with very strict rules about debt and deficit. They had rules but they broke them.

I'm just

at this stage, but if the US and Europe were to both have debt-crisis-spasms at the same time, things could get ugly.

12-02-2011, 12:48 AM	#7
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	Please don't say "Eurodollar". It's called the Euro. Of course Greece and Italy (etc) want to hang on to the Euro, so as to get the Germans to cover their debts. The risk is either the PIIGS getting kicked off the Euro, or of Germany (and maybe France) walking away and returning to their own currency. Monetary union without fiscal union could only work with very strict rules about debt and deficit. They had rules but they broke them. I'm just at this stage, but if the US and Europe were to both have debt-crisis-spasms at the same time, things could get ugly. __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

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