tag:blogger.com,1999:blog-5908830827135060852.post261607908223574885..comments2024-03-01T02:40:14.946-05:00Comments on Bond Economics: Euro Crisis (Again)Brian Romanchukhttp://www.blogger.com/profile/02699198289421951151noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5908830827135060852.post-64218842259107185182018-05-27T15:01:56.212-04:002018-05-27T15:01:56.212-04:00As the Greeks found out the hard way, the European...<i>As the Greeks found out the hard way, the European establishment has the capacity to smash its boot on the face of small countries indefinitely.</i><br /><br />That's not what happened. The Greeks found out the hard way that they have the capacity to smash their own boots in their own faces indefinitely, by refusing a negotiated Grexit, the best reasonably possible outcome, which they achieved. Smashing their own faces is what they are doing now, under the leadership of one of the stupidest humans in the world, Alex Tsipras. <br /><br />Leave the EU or only the EZ, who cares? Of course staying in the EU might be a wee bit better. But the "benefits" of staying in the EU or of negotiating instead of just leaving tomorrow are trivial compared to the harm that staying in the EZ does every day.Calgacushttps://www.blogger.com/profile/06031818010224747000noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-86256714503140402952018-05-27T09:06:47.873-04:002018-05-27T09:06:47.873-04:00Yes, but the opinion about those land transfers ar...Yes, but the opinion about those land transfers around here are different (“what land transfers?”). (Not sure whether they’ve changed, but primary school textbooks (used to) include Labrador in Quebec. (Never mind that First Nations treaties were with the UK sovereign, not “Quebec...”) So yeah, there’s a lot of room for pretty ugly disagreements about borders. The border issue is what makes the “declare independence, then negotiate” strategy very risky.<br /><br />On paper, leaving the euro looks easier legally, but not if it puts EU membership at risk. As our friends in the UK have discovered, getting out of the EU is a mess. The UK had negotiated the ability to be in the EU without using the euro, I heard rumblings that this would not apply to exiting periphery members back when the euro crisis was running hot. Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-70499576329116179862018-05-25T13:04:25.661-04:002018-05-25T13:04:25.661-04:00should read: leaving the Euro does NOT entail a re...should read: leaving the Euro does NOT entail a reduction in one's...Marian Rucciushttps://www.blogger.com/profile/12104215453386195003noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-82119647116698206432018-05-25T13:03:22.936-04:002018-05-25T13:03:22.936-04:00Nice piece, except in leaving the Euro your countr...Nice piece, except in leaving the Euro your country would not be dismembered, whereas most of Northern Quebec, both the 1898 and 1912 land transfers would be likely be recinded. So whereas leaving the Euro does entail a reduction in one's factors of production (rather the reverse), leaving QC would involve a reduction in the real resources available to the QC population. Marian Rucciushttps://www.blogger.com/profile/12104215453386195003noreply@blogger.com