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| Europe |
| Is the Bundesbank spoiling for a fight over the destiny of EMU? |
| 2011-02-22 |
| The Bundesbank is moving exorability to the Maurice Allais position that Europe will have to adopt regionalism, with all that implies namely the cessation of foreign workers and all immigration. I expect the same thing to happen in the US within a few years. There are too many non-productive people living off the public teat, for it to be sustainable as a whole. So expect it to break into two or three regions. |
| Posted by:tipper |