The EU treaty is a disaster for the left

[andyofborg]

Indeed. Economic death spiral or more borrowing. Or printing by the ECB.

 

that's not really an option for the ecb, they seem very constrained this is part of the problem

[Gordonb]

How can we take the Euro zone seriously? When we were looking to join many years ago were there not certain criteria which we had to meet such as debt to GDP ratios which the French and Germans (especially) pointed out that we did not meet. They then let it the Greeks Portugese and others (who clearly did not qualify without telling porky pies).

Also seem to think that the EC has never had it's annual accounts certified because there are so many holes in them.

Maybe DC has done the right thing.

[andyofborg]

How can we take the Euro zone seriously? When we were looking to join many years ago were there not certain criteria which we had to meet such as debt to GDP ratios which the French and Germans (especially) pointed out that we did not meet. They then let it the Greeks Portugese and others (who clearly did not qualify without telling porky pies).

 

we have to take the euro seriously, the consequences of it's failing will destroy the world.

 

there is very little point in crying of the spilt milk of some of the decisions taken when it was started, we can't go back and undo them. what we need to do is look forward and find a way out of this mess.