re: #242 Kenneth

Hungary is in bad shape too. The problem for Western Europe is that their banks, especially German, Austrian & Swiss institutions, have huge exposure to east European debt. When the east Europeans default on those debts, the banks collapse. Which is why the EU decision not to bail out the east is so stupid.

Thing is - Germany has been keeping the EU afloat since its inception, money-wise.
Thus a huge number of EU members ahve regarded the EU like a welfare cash cow. Its teh same mentality which keeps people screaming for the government instead of getting off their backsides and doing things for themselves.
Works if there is enough money to share - doesn’t work if there isn’t.

I’m still grateful that Maggie did refuse to be lured into joining the Euro, and that she isnisted on not paying what the Eurocrats wanted us to pay.