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Euro was wrong

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posted on Dec, 3 2011 @ 04:08 AM
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One of the main architects of the single European currency, Jacques Delors, has said the eurozone was flawed from the beginning.

All coming out now, everyone knew this at the time, but just let it go on..

www.bbc.co.uk...
edit on 3-12-2011 by DannyboyUK because: (no reason given)




posted on Dec, 3 2011 @ 04:15 AM
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maybe not having 500 and 200 note denominations would have helped the euro. the only people who actually benefit from those notes are drug traffickers, corrupt officials and organized crime.

that pretty much sums up europe.


edit on 3-12-2011 by randomname because: (no reason given)



posted on Dec, 3 2011 @ 04:23 AM
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reply to post by DannyboyUK
 


The idea wasnt flawed, just the monetary system it based itself in.
The eurozone will not be the last too fall



posted on Dec, 3 2011 @ 04:44 AM
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2 wealthy trillionaires had a bet when the euro was introduced.
The coins and banknotes were launched on the 1st of January 2002.
On new years day 2002 one of the men bet the other that the currency would be withdrawn before the 10th anniversay.
The bet was for 1 euro .
Playing the roue methinks.



posted on Dec, 3 2011 @ 06:14 AM
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reply to post by DannyboyUK
 


the euro could never have worked because all the countries have different economies and life styles .
the gross national wages of some of the countries in the union differ so much .
take for example Bulgaria who trade in both the euro and the lev , the average wage is around £1000 per year
most other countries in the union make more than that per month.



posted on Dec, 3 2011 @ 02:05 PM
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Originally posted by tom.farnhill
reply to post by DannyboyUK
 


the euro could never have worked because all the countries have different economies and life styles .
the gross national wages of some of the countries in the union differ so much .
take for example Bulgaria who trade in both the euro and the lev , the average wage is around £1000 per year
most other countries in the union make more than that per month.


totally agree. just lovely to hear it from the man himself.



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