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Old 09-16-2003, 04:19 AM   #15
ragnar
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Quote:
Originally Posted by DomStLeger
I'd agree with you, except it's so bureaucratic and slow moving on most issues except for integration where it seems to be moving at lightening fast speed. There needs to be top to bottom reform before anything like the euro can work. You now have several large nations very dependant on each other yet taking divergant economic paths. And the stability pact, essential to keeping the euro under control seems to be deteriorating. So it honestly worries me; europe has rushed into something that may cause the very problems it set out to prevent.
But those problems are not due to the euro, but due to poor government and too much self interest in certain countries. They seem to think that the stability pact only apply to all other countries, not themselves.
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