Thursday, May 27, 2010

Is the EU Single Currency Truth now being told?

“Nobody ever told the proverbial man in the street that sharing a single currency was not just about making peoples' lives easier when doing business or travelling abroad, but also about being directly affected by economic developments in the neighbouring countries.”

“Today, people are discovering what a 'common destiny' in monetary matters means. They are discovering that the euro affects their pensions, savings, and jobs, their very daily life. It hurts."

EU President Herman Van Rompuy

So, the people of Europe are now beginning to be told the truth. A single currency will affect peoples lives far wider than just the exchange rate benefit that was originally proffered.

Those of us who study these things knew it was a disaster waiting to happen.

Lets see these events unfold.

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