Fall of the Euro -- from british yahoo

Originally posted by Sleepyguy
Because they are "too big too fail" and, well, you're just not.

You can add to that "they put big bucks into putting these politicians in power and you didn't".

Originally posted by Eladar
You can add to that "they put big bucks into putting these politicians in power and you didn't".

Yes. In fact I'm not sure that "putting big bucks into putting politicians in power" isn't a workable definition for "too big to fail."

Originally posted by no1marauder
I have heard various Euros try to imply that the Euro-zone concept is basically the same as the Federal System in the US, but this is simply incorrect. I recall Paul Krugman discussing the much lower labor mobility across national borders in Europe than there is between States in the US. And this article points out how dissimilar the Euro banking structu ...[text shortened]... The structures in Europe just do not meaningfully approximate the US ones.

That was my whole point - the structure is totally different, but NOT because the differences in income are so large, but because there is no fiscal union as in the US.

Originally posted by KazetNagorra
That was my whole point - the structure is totally different, but NOT because the differences in income are so large, but because there is no fiscal union as in the US.

No doubt the structure and relationships are different. I'm trying to understand if you are saying that there is more or less commonality among the nations of European Union, and the 50 States? Is it easier to move across national borders to find work, than it is across State lines? I find this difficult to believe, given the almost constant war status of Europe prior to 1945, and the centuries long animosity between the main partners.

I stand willing to learn.

Originally posted by normbenign
No doubt the structure and relationships are different. I'm trying to understand if you are saying that there is more or less commonality among the nations of European Union, and the 50 States? Is it easier to move across national borders to find work, than it is across State lines? I find this difficult to believe, given the almost constant war statu ...[text shortened]... 1945, and the centuries long animosity between the main partners.

I stand willing to learn.

As far as I can see, Europe will throw money... lots of money at this..... and the Euro will still collapse.
Who will be there to run the rule over these countries then?

Any guesses on this people?

it was c..p to start. it should have been the three to start then bring in one at a time after getting there house in order.

Originally posted by normbenign
No doubt the structure and relationships are different. I'm trying to understand if you are saying that there is more or less commonality among the nations of European Union, and the 50 States? Is it easier to move across national borders to find work, than it is across State lines? I find this difficult to believe, given the almost constant war statu ...[text shortened]... 1945, and the centuries long animosity between the main partners.

I stand willing to learn.

The Euros lack the strong central government that the Framers wisely created here.

Originally posted by no1marauder
The Euros lack the strong central government that the Framers wisely created here.

That doesn't answer the question. Obviously, the Euro wasn't intended to replace national sovereign governments, or was it?

Originally posted by skipper2666
As far as I can see, Europe will throw money... lots of money at this..... and the Euro will still collapse.
Who will be there to run the rule over these countries then?

Any guesses on this people?

My guess is that sovereignty will be decided as usual by war, either hot or cold.