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The Hard Euro Is An Assault On Democracy

May 30th, 2017 · No Comments

  • The euro is basically unbreakable as the cost of leaving has increased. The amount of discipline necessary to keep the euro together is unprecedented.
  • And countries have shown willingness to undergo that discipline, and others to function as the disciplinarian.
  • This means that economically, the euro is a lot stronger than many probably think.
  • However, this comes at a price; politically it’s a lot weaker. In the next downturn when countries are once again called upon for that economic discipline, something is likely to give.

The Hard Euro Is An Assault On Democracy | Seeking Alpha

Tags: Eurocrisis