On Sep 23, 12:23*am, Pat Flannery wrote:
On 9/22/2011 1:18 PM, Andre Lieven wrote:

'Channel Fogbound; Europe Cut Off'...g

I always got a kick out of that one to.

:-)

At the moment, their resistance to using the Euro as their currency
must look pretty wise in retrospect.

Quite. The problem with the Euro is similar to what's wrong with free
trade. Going too wide on either, thus connecting profoundly different
economies, tends to not work well. If Mexican wages are made the
norm for the US, bad things happen to most USians. If nations with
balanced banking sectors and budgets tie into nations lacking the
one or both, you get some of what is happening in Europe now.

Doing rules for multi national entities should be about the floor
standard going UP to the level of the best, not down to the lowest.

Andre