4 ms·
It will never be like the US because Europe countries don't share a single language / culture, nor a common history. The engineer in me really feels safer havi
by fla 11y ago
It will never be like the US because Europe countries don't share a single language / culture, nor a common history.
The engineer in me really feels safer having many small independant systems than a single mega unified thing that is too big to fail - but it's another story.
- jandrese 11y agoHaving a bunch of small systems is no good if the failure of any one system brings the whole thing down. I'm not personally convinced that a Greek exit from the Euro would be the disaster that the news outlets like to think it will be. I think it will suck for the Greeks and basically brand them as a third world country, but it is probably a better solution than a few years of crippling austerity followed by another default/bailout/more austerity. On the other hand, a Greek exit would also mean that the Eurozone countries wouldn't be forced to examine the aggregate fiscal policy and figure out a way to prevent this sort of problem from happening elsewhere.