Can the euro be saved?

Mind that next post, desky. It's a special one.

 

Weren't there a whole lot of years in between that went pretty well? That said, most of these arguments were good reasons not to go to the Euro to begin with. To dump it now is a far different standard.

 

So I guess the Euro's become "too big to fail." Where've I heard that before? At some point somewhere some big things are gonna have to allowed to fail.

 

On that angle, Germany also benefits because the Deutsche Mark would probably be so much stronger than the Euro if it still existed, hurting exports.

 

Of course the Germans would solve that problem by doing what Germany does best. Invading its neighbors.

 

Which is why the European Coal and Steel Community was founded in the first place.

 

Bombing Pearl Harbor would be a good start.

 

One issue that needs to be addressed is to give the European Parliament to draft legislation, which is a power currently held by the European Commission. The Council of the EU is not fully democratic as the 27 members represent their respective governments and share legislative power with the Parliament.

 

But if Germany leaves then who bails out the failing countries?

 

They default and recover down the line. Greece needs more than a bailout. It needs to deregulate the economy to allow for more competition. Going after tax evaders and raising the retirement age would help, too.