Monday, March 29, 2010

Yurp

Generally I'm in favor of greater international cooperation, but I still maintain the Eurozone was a bad idea. It's great that Greece is getting bailed out but it's not great that they are having a series of austerity measures shoved down their throat that threaten political stability as prerequisite.

Greece and Spain and Italy are very different than Germany and Sweden and the Netherlands. The former set are bad with money but have great food and beautiful languages and culture. The latter are very judicious about fiscal policy but are filled with boring people living atop barren hellscapes of countries. Greece and Spain need their own currency so they can devalue the hell out of it and pump up exports.

Maybe this whole conditioned bailout process is exactly what the EU founding fathers envisioned, but it doesn't seem worth it.

Plus the Euro is the most boring-looking currency on earth.

1 comment:

  1. haha, it is indeed boring. Exactly what you'd expect from Communists, actually. I knew it was all a plot by the reds!

    ReplyDelete