Nigel Farage tries to figure out who it is.
His conclusions as to what is occurring in the eurozone are entirely correct. However, Farage does not point out that the European Central Bank has one other option, to print the euros needed to prevent EZ collapse. Thus the question becomes: Will the ECB and its controls allow the eurozone to collapse, or will they attempt to print huge amounts of new euros (which will bring on massive price inflation) in an attempt to prop up the EZ?
The most incompetent politician in Europe? That's got to be an awfully LONG list, just like here in the states.
ReplyDeleteI've think you've got this backwards. They are very competent, at being politicians.
DeleteNope... http://www.policymic.com/articles/9748/austrian-economics-would-save-europe-nigel-farage-debunks-keynesians
ReplyDeletea race for the bottom.
ReplyDelete