3 ms·
Well, yeah, money's on the line.
by helveticaman 16y ago
Well, yeah, money's on the line.
- ugh 16y agoMoney’s on the line and that’s just the reason why the EU won’t suddenly disappear. One of the nice things about a common market (even if it is only partially reality) is that it leads to economic interdependence. Companies can invest wherever they want, companies can sell stuff to wherever they want, people can work wherever they want. There is money to be made and the economic shock waves of making that impossible by leaving the EU would probably be way too much for any EU economy to take. Maybe the Euro was a bad idea and won’t survive. (My prediction would be that it will.) That won’t, however, be the end of European integration.
- euccastro 16y agoExcept the casino part of the economy has vastly outsized the productive part. More money changes hands in a day in currency speculation markets alone than does in the productive economy in a year. Thus, what favors the short term gains of a few wealthy gamblers can take precedence over what benefits the people at large.