The solution to the EuroCrisis! Its simple!
I have the solution!
It came to me as an epiphany!
It is brilliant, sheer brilliance I tell you!
Huh?
What?
Oh, right, its the solution to the EuroCrisis, the chaos going on in Europe / Greece / Spain / Italy / etc.
Its really simple - what they need is a central banking authority that can print Euros!
See, you print up a bunch of Euros, and that deals with the short-term balance of payments issue, banking issues, solvency issues, etc., and you agree on a long-term fiscal compact to prevent chaos from occurring again.
But in the short term, all you need is a central bank that can print Euros.
Simple, no?
Huh?
What?
There is already something called the ECB?
Really?
Dammit....
It came to me as an epiphany!
It is brilliant, sheer brilliance I tell you!
Huh?
What?
Oh, right, its the solution to the EuroCrisis, the chaos going on in Europe / Greece / Spain / Italy / etc.
Its really simple - what they need is a central banking authority that can print Euros!
See, you print up a bunch of Euros, and that deals with the short-term balance of payments issue, banking issues, solvency issues, etc., and you agree on a long-term fiscal compact to prevent chaos from occurring again.
But in the short term, all you need is a central bank that can print Euros.
Simple, no?
Huh?
What?
There is already something called the ECB?
Really?
Dammit....
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