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1 Bob Dillon  Sun, Jun 3, 2012 1:33:16pm

"On consecutive days last week, two of the most powerful figures in Europe — Mario Draghi, president of the European Central Bank, and Olli Rehn, the most senior economic official in Brussels — warned that the future of the euro zone was in doubt. In the words of Mr. Rehn, the union might well disintegrate unless policy makers took steps to bind the euro’s 17 nations closer together."

Nice to see they finally got the memo - several years late is better than never. And then, President Obama could send u.s. all a tax memo that we (and our un-born great-grandchildren) are on the hook for the euro zone and associated global banking bailout. I think that would be a high risk move during an election year and I don't think the EU can kick the can much further let alone past Nov. And it would only be a bandaid on a harpoon wound at best.

2 researchok  Sun, Jun 3, 2012 1:51:32pm

re: #1 Bob Dillon

I'm sure the Germans will be delighted to underwrite all this Euro togetherness when asked by PIIGS.
//

3 Romantic Heretic  Sun, Jun 3, 2012 5:00:45pm

Shrugs. Europe will find that the phrase, "We hang together or we hang separately," is true for them as it was for the Founding Fathers.

As I've pointed out before, in a world with a global business community only very large national entities will thrive. This is because they have the power to enforce social standards on business done within their borders. Anything smaller than the U.S. or China will have to kowtow to the business world. Otherwise the large corporations will just leave and not return until a more friendly government comes to power.

If the Euro fails the individual countries of Europe will have in far bigger problems than a failed currency.

4 Bob Dillon  Sun, Jun 3, 2012 5:05:22pm

You thinks the demos in Greece were/are something? The entire european fabric is about to come apart and the pompous politicians are so self-serving its mind boggling until we remember that the majority have/had their hands out for decades and figure life owes them a living and they vote en-mass lockstep. So here we are again. (But, this time is different!)

5 Mostly sane, most of the time.  Sun, Jun 3, 2012 9:52:27pm

This is a group of people who spend literally millenia chopping each other into kibbles and bits.

Not sure if peace will work this time, either.

It would have been helpful if they had decided to have enough kids to fund their pension plans.

6 Kruk  Mon, Jun 4, 2012 12:51:42am

re: #5 Mostly sane, most of the time.
It would have been helpful if they had decided to have enough kids to fund their pension plans.

Or failing that, stopped using the word 'immigrant' as a perjorative.


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