Potiphar12's Blog
An Octogenarian in the modern world

THE EURO-MESS

The saga staggers on – still hard for non-economists to grasp. If political union is a solution, surely that is going to take a very long time. Before it arrives we shall all be bankrupt.

Why did it happen? Amongst other causes was, I believe, the action of many national governments that sought popularity and re-election by providing their citizens with a standard of living that could only be paid for by borrowing money. If the practice continues, the same problem will arise again.

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