tag:blogger.com,1999:blog-30136383.post7793877283519995012..comments2024-03-07T10:17:41.979+00:00Comments on the tap: Euro Heartbreak Best FacedTapestryhttp://www.blogger.com/profile/17267094484651413428noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-30136383.post-20606664257398082062010-02-27T07:15:54.147+00:002010-02-27T07:15:54.147+00:00It would be very dumb but politics comes way befor...It would be very dumb but politics comes way before economics in the EU and the currency is the ultimate symbol of virility, so I wouldn't exclude some QE. If the Euro tumbles people might actually wake up and say, wait a minute, these people are corrupt, incompetent crypto-fascists, let's not play this game any more.<br /><br />So quite a bit of pretige rides on the Euro's survival.Stuart Fairneynoreply@blogger.comtag:blogger.com,1999:blog-30136383.post-60286493406243612892010-02-27T05:07:06.879+00:002010-02-27T05:07:06.879+00:00I note that £25 billion is the proposed bail-out. ...I note that £25 billion is the proposed bail-out. That merely avoids a Greek debt default up to the end of May. But it would set a horrific precedent for all other Euro countries, and possibly all EU countries. EU membership becomes a bottomless pit.Tapestryhttps://www.blogger.com/profile/17267094484651413428noreply@blogger.comtag:blogger.com,1999:blog-30136383.post-59521338729086613052010-02-26T13:21:57.609+00:002010-02-26T13:21:57.609+00:00Stuart, do you really think the Germans will go We...Stuart, do you really think the Germans will go Weimar?thedarknightnoreply@blogger.comtag:blogger.com,1999:blog-30136383.post-5533499013459902012010-02-26T12:15:39.180+00:002010-02-26T12:15:39.180+00:00I wouldn't rule out mega QE from the European ...I wouldn't rule out mega QE from the European central bank ~ suicidal though that would beStuart Fairneynoreply@blogger.com