So the battle is coming to a close. But we need to see that a proper balance is struck between keeping the euro as a common currency and sorting out the Greeks.
There is no doubt in my mind that the euro has to continue, the benefits to the people are huge - one currency in your pocket. It is like free boarders, these have to stay too.
So what is the deal?
- The Germans, and the rest, have to pay the Greeks. Germany especially as it has not paid its war reparations, and it has the most exposed banks at 32:1 leverage!
- The Greeks that got them into this mess have to go to jail.
Simple really
Wednesday, 22 June 2011
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