Monday, 4 October 2010

Germany and France to leave Euro?

Stiglitz points out an alternative to the PIIGs leaving the Euro and allowing their currencies to float; Germany and France leave instead, allowing the Euro to become a sort of low value Southern European peseta, toy money for tourists from the North. The Franc and the Mark would take their proper place again alongside the Pound. 


Ah, if wishes were PIIGs ...

5 comments:

Chuckles said...

The transplant operation was a success, but the heart rejected the recipient?

Angry Exile said...

I saw something similar suggested in an opinion piece somewhere a while back, possibly in The Times before the paywall went up. The thought was that the German taxpayers might get the hump before, say, Greece becomes a basket case and demand the Deutschmark back.

Anonymous said...

And when you are in France, you will always notice (and this has been the case since the introduction of the €) in every cafe, bar, restaurant and shop that the cost of your purchase is also denoted in FF.....I wonder why?

Coney Island

Weekend Yachtsman said...

Anon 23:32 - you may have noticed the same thing in Italy; receipts quite often show Lire amounts as well as Euro.

I think actually it's just laziness on the part of the businesses, they have never bothered to replace the transitional till programming that showed both currencies.

Anonymous said...

And the Chinese are coming to a country near you....soon! Greek debt is to be bought over the long term by China who has (as the R4 program said) deep pockets for long term investements. Now that IS scary!

Coney Island