ive been reading quite a few articles about how more and more academics and politicians are joining the not so popular Euro adoption bandwagon, so it got me thinking.
more specifically, if matters get worse, everyone seems to agree that theres no more than 3 options.
One of them being national bankruptcy, the other being a turn to the IMF for help (said to prolongue the recession, introduce many unwanted changes in various policies, but save from bankruptcy), and the third being to adopt the Euro and join fellow Europeans that have the Euro as a cushion from this worldwide shitstorm.
anyone have any educated thoughts on this? i would prefer no sterling pride talk (dont think theres any anyway)
i personally wouldnt mind the world's second reserve currency to finance the uk out of this, and i definitely wouldnt mind turning the central bank of england into a hospital or something useful
discuss
more specifically, if matters get worse, everyone seems to agree that theres no more than 3 options.
One of them being national bankruptcy, the other being a turn to the IMF for help (said to prolongue the recession, introduce many unwanted changes in various policies, but save from bankruptcy), and the third being to adopt the Euro and join fellow Europeans that have the Euro as a cushion from this worldwide shitstorm.
anyone have any educated thoughts on this? i would prefer no sterling pride talk (dont think theres any anyway)
i personally wouldnt mind the world's second reserve currency to finance the uk out of this, and i definitely wouldnt mind turning the central bank of england into a hospital or something useful
discuss