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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (73786)	5/6/2010 6:51:07 PM
From: tejek	Respond to of 149317

There is a second solution: the exit of Germany from the eurozone or the division of the eurozone into two sub-regions. The euro was an interesting experiment, but, like the almost-forgotten exchange-rate mechanism (ERM) that preceded it and fell apart when speculators attacked the British pound in 1992, it lacks the institutional support required to make it work. I find it interesting that the author wants to penalize Germany for its success. It seems to me that the members who are in trouble should be the ones getting suspended.......that would seem more fair. However some are arguing that the EU with its EURO spread among so many countries with differing economics was not likely to succeed. Maybe its time to pull the plug on the EU.