CrossTalk: Euro SOS

Will the euro leave the eurozone? How long before the currency becomes history? Who will miss the euro? Or will the euro hang on for a while as the countries simply can't give up on the project they greatly invested in? Michael Hudson, Jeffrey Sommers and Matthew Lynn CrossTalking

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Category:

News & Politics

Tags:

• RT
• Peter Lavelle
• Michael Hudson
• Jeffrey Sommers
• Matthew Lynn
• eurozone
• euro crisis
• currency
• europe economic crisis
• italy debt crisis
• Germany
• Italy
• Spain
• Greece
• Merkel
• euro rescue package
• yaroslavl forum 2011
• eurobonds
• credit risks

[gingowitch]

END CIRCUMCISION NOW!

[mac9876ab]

I was raised in ex-communist country (Yugoslavia) and I was taught that the so called "democracy" and the so called "election system" in the western countries are fake systems run by the rich and their puppets in the political system (the parties). The system is meant to give an illusion that the people control their countries but in fact they do not. All the parties are controlled from the same center.

[Efteling4Ever]

@CommanderMethos "a federal centeral EU authority in charge of the euro and not a dozen member states." Think that that (more central budget control + power to take penal action) is exactly what the long term solution will be. But it is unpopular, as it would mean handing over part of national sovereignty. Politicians will oppose this as long as possible, and waste gazillions of money over it until the inevitable cannot be postponed anymore.

[161rewind]

Britains sleepy, Italy is drunk & groping a girl, France can't reach their coat of the pegs, the Spanish are borrowing money for a taxi. Greeks are in the gutter, Yugoslavia is still knocking to come in. Most of all Germany is getting stroppy because their organised EUSSR party is OVER!

[DerpForce]

Communists are fucking backwards.. they cry: "HURR DURR, POLICE STATE AUTHORITARIANISM!" when they want their own autocracy, but under their own ideological viewpoint. fuck communism, fuck authoritarianism, fuck Keynesianism, go Austrian school!

[CommanderMethos]

@Efteling4Ever countrys never get rid of their national defecit. also im in full agreement with you. however i beleive we need a federal centeral EU authority in charge of the euro and not a dozen member states.

[Efteling4Ever]

@CommanderMethos Indeed. So many people that simply don't get it. It's to big to fail. It can only seriously devaluate until better times and then appreciate again. It cannot disappear. Big countries like Spain and Italy could never leave the Euro. Maybe a village economy like Greece could but even then. At least the Euro is real money. How would you get rid of the national deficit issue with a new Drachma ...... Who would give you a loan then ..... LOL

[Efteling4Ever]

The typical bullshit crap "complaints" about Europe.

For instance, some guy moaning Europe believes in cut-backs. No, instead they should create more non esisting fantasticogazillions out thin air and increase the national deficit over and over again and then wait for the next even bigger catastrophe just like the US which is ...... uuhhh is doing so "well" these days because of there eternal spending and borrowing. Maybe they should also add a war or three? Crap.

GO EUROPE! Go your own way!

[WilhelmDrake]

Michael Hudson is one of the few voices of sanity.

[WittyKoala]

@595o

There's only one thing to say... "Here we go again"

[Mulligan71991]

the two americans are really showing how their scope is limited to americas politics

[CommanderMethos]

even if the euro were to collapse it wouldnt disappear. it would come back in a few years stronger than before. mayby under a diffrent name.