Oxford Finance Debate: Is the Euro Doomed to Failure?

[@wgeorge1602]

the key problem: when bad things happen, each country in the European will only stands on the interests of itself. An economy without appropriate methods to deal with (or endure) depression cannot be prosperous in the long-run.

[@sk00lb0y]

w George an analogy would be if someone is drowning, and someone else is in the water and is a strong swimmer the drowning person will grab onto the strong swimmer. Can both survive? Possibly. But what if there are 3, 4, or 5 people drowning? 5 people drowning means 6 people drown.

[@monetfaversham6703]

@@sk00lb0y What a weird and long winded analogy

[@sk00lb0y]

Greece if it has its own currency, could inflate its currency increase employment and have lower wage costs compared to all of the euro countries.

[@sk00lb0y]

Dr. Okamara "one size fits no one"

[@kgeez91]

Dr Okamura on the money here ito soft vs hard

[@sk00lb0y]

If there are euro countries that default on obligations there will be RAPID DEFLATION.

[@sk00lb0y]

One currency, one central bank multiple different interest rates. 😆