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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (34272)	7/26/2005 10:07:41 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

I think that's the main issue. There are not many problems and objections to the EU which couldn't be fixed by removing Turkey from the picture. Don't be a wuss. gggg Admit the problem is hopeless. Without Turkey and growing countries Europe faces an insurmountable demographic deflationary problem. With Turkey there is no reasonable way to balance interest rates between say Turkey and Italy and Germany. (the younger growing countries and "old Europe") Then we have the UK that is half in - Half out, adding to the confusion. Mish