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## Europe Go Down The Hole...

Mundane & Pointless Stuff I Must Share: The Off Topic Forum

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Ancient History
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### Europe Go Down The Hole...

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Post by Ancient History » Mon Jul 23, 2012 11:19 am

http://news.yahoo.com/greece-pay-wages- ... 01732.html
tl;dr version: High German schmuckty-schmuck says Greece should bow out of the euro 'cause Germans still haven't figured out that their economic system is fundamentally flawed.
Granted, I think Greece should exit the euro too, but because I think the euro is doomed anyway at this point.
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Username17
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Post by Username17 » Mon Jul 23, 2012 11:27 am

The idea of switching Greece to half Drachmas is laughable. Gresham's Law is pretty clear on that: you can't seriously expect to get through things with two currencies of obviously different values. Whatever official rate you set is going to be brought to its absolute knees by the black market. Anyone who suggested that is so clueless about economics that it's difficult to not laugh out loud.
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crasskris
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Post by crasskris » Tue Jul 24, 2012 10:43 am

In his 'defence', Alexander Dobrindt took over the 'attack department' of the libertarian party from current foreign minister and former party leader Guido Westerwelle.
'Attack department' being shorthand for 'appealing to stupid reactionary people'.
Which are the only people who take the guy halfway seriously, by the way.
EDIT: Sorry, mixed Alexander Dobrindt up with Patrick Döring.
Alexander Dobrindt is a completely different mouthpiece of crazy of a completely different party of political loudmouths.
Last edited by crasskris on Tue Jul 24, 2012 11:59 am, edited 1 time in total.
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