If it is a farce, it's a tragic one. European history is full of battles and bloodshed. Differences between nations and peoples were emphasized. What the EU has tried to do with a common currency and lower national bariers was to put an end to the kinds of hatreds and slaughters Europeans have had to deal with since time immemorial. I guess they didn't - and couldn't - go far enough and now they may have to pay for not having done so and become one more example of a system based on ideals having gone wrong.
Ed ----- Original Message ----- From: Keith Hudson To: RE-DESIGNING WORK, INCOME DISTRIBUTION, ,EDUCATION Sent: Wednesday, October 26, 2011 3:50 AM Subject: [Futurework] The Eurozone is now a farce The Eurozone has now become a farce, and the Heads of State who are meeting today at Brussels will have to be magicians with words if they are to convince investors that the Eurozone has any future at all. Today's Summit should have been that of Finance Ministers who were to have supplied the final details of the rescue plan for Greece through to Italy. Late last night it was postponed to an unknown meeting in the future -- very likely a meeting that will never be held. It's not as though the Eurozone problem is of recent origin. Officials and politicians have been kicking the can down the road on at least a dozen occasions in the last two years. The cancellation of the present rescue plan is only the last of these. After opening this morning, the London Stock Exchange tried to be brave for the first ten minutes but shares are now (8.30am) plunging. Is this the beginning of a "depression that will be worse than anything in the last century" (Sir Mervyn King, Governor of the Bank of England)? Readers would be well-advised to buy a few gold coins while they're still available before Eurozone investors get at them. Keith Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2011/10/ ------------------------------------------------------------------------------ _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
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