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47 sats \ 2 replies \ @Satosora 25 Jul \ parent \ on: Eurozone Faces Deepening Recession as French Industry Suffers econ
It needs to go back to a free market. The eurozone is nice, but it needs to be separated a little more, so each country can take care of their own finances.
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20 sats \ 1 reply \ @TomK OP 25 Jul
the problem with the eurozone is fundamental. there is no demonstrable monetary union of such diverse economies that has ever worked. the euro died in the great financial crisis of 2008-2009 and has been in intensive care ever since, being kept alive with ever more fresh liquidity and the purchase of government bonds by the ECB. if you ask the people, especially in southern europe, the enthusiasm is zero - the experiment will fade away and we will all see it happen
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47 sats \ 0 replies \ @Satosora 25 Jul
It is only a matter of time. Tying everything together was not a good idea, because each economy is so vastly different. The quality of life in Germany is different from the quality of life in Greece.
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