CattyNebulart
Unregistered
Economic turmoil like this is always bad, but I doubt the euro zone is going to break up. A lot of the smaller countries would lose out in such a case, and so they would be inclined to vote against it. Also like it or not the larger economies are integrated so any attempt to pull apart is likely to make things worse, especially if it is done quickly, and with political compromises.
You might think that the partisan bickering in the use Congress is bad, but they have nothing on the European parliament. Europe also can't make sweeping decisions as fast as say the US did with TARP because while US states have some independence a lot of power is controlled by the various federal agencies. In Europe the individual states have a lot more independence and relatively few 'federal' agencies, most of which are weaker than there US counterparts. Imagine if Texas, Florida, California and North Dakota state legislatures and governors had to work together without prodding or help from the federal government. You get nowhere fast, and now expand it to include all the states.
E: "Did they... did they just endorse the combination of the JSDF and US Army by showing them as two lesbian lolicons moving in together and holding hands and talking about how 'intimate' they were?"
B: "Have you forgotten so soon? They're phasing out Don't Ask, Don't Tell."
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Meanwhile, we continue to muddle through here.
Because unlike the other PIIGS, this little green rock never stopped having a trade surplus. We're still making and selling more than we're buying. We're not pulling baillout money to pay for social welfare programs or the like, we're pulling baillout money to pay to keep four big zombie banks shuffling along because that's what the ECB demanded.
What happens if the Euro goes is that we're back to the punt. Rumour is, that the money's already been printed it just needs to be distributed. What happens if we go back to the punt, is that our currency devalues. Which makes our exports even cheaper, which makes us a more competitive economy to work with. That was the original kickstart to the boom decades ago.
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--m(^0^)m-- Wot, no sig?
