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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (567480)5/21/2010 6:38:20 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1574477
 
Ted, > Because S. Europe has been buying a lot of its products the last ten years.

What does that have to do with the benefits vs. the drawbacks of the Euro?

Sure, having the Euro is a boon for commerce between the European nations. The question, however, is how much that boon is worth propping up with bailouts.

Cause you know if Greece figures out they can rely on bailouts, they will have no incentive to shape up their own act. Their leaders will continue to lie about their finances, and the voters will continue to demand services that they frankly can't afford. And that can tank the Euro, even if Greece only represents a very small portion of the Euro-zone's GDP.

By the way, being on the Euro is not a requirement for owning BMWs. Unless for some odd reason you paid for yours using Euros ...

Tenchusatsu