Thursday, June 30, 2016

to misquote Mao, "The euro is poison."

My buddy Charles sent me a link to this article, "Brexit isn’t the most serious threat to the EU—the euro is," which makes some very interesting points about how difficult it will be for Continental eurozone countries to decouple themselves from the euro, and how acceptance of the euro was a mistake that keeps on paying evil dividends. The article also makes some of the same points that I made in my Brexit article regarding the necessity of diversity and the dangers of over-interconnection, i.e., eurozone countries plight their troth to each other, then they stand and fall together. These days, it's more falling than standing.

A very good read. Highly recommended.


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