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ExpatSingapore Message Board 28 May 2012, 3:57:52 am *
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Author Topic: Should EU cut the PIGS loose?  (Read 1461 times)
Dr. Phil
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« Reply #15 on: 29 May 2011, 14:40:21 pm »
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Reminds me of "The Times They Are A-Changin", Bob Dylan Unplugged, "....and the loser now will be later to win...."

And in Greece's case, and Ireland, Italy, Portugal (already needing more bailout aid) and especially Spain, their best chance is to lose the Euro.  Cheesy

It is suggested that the European Central Bank wants to dump these countries out of the Euro, but are forced to agree a bailout, simply because if their debts are written off, the bank would be immediately insolvent and that would destroy not just the Euro but the European Union.

But what started as a trading bloc called The Common Market, designed to protect European jobs by facilitating European trade (not EU-China trade) soon mutated into dreams of Empire.

It was the open borders and uncontrolled immigration which undermined our national cohesion and the European-based corruption and lack of budget oversight, alien to UK, an Island nation, which is the most corrosive and irreversible legacy.  
« Last Edit: 29 May 2011, 14:45:00 pm by Dr. Phil » Logged
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« Reply #15 on: 29 May 2011, 14:40:21 pm »
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Merlin.
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« Reply #16 on: 30 May 2011, 14:30:42 pm »
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After its bailout, the news is that Portugal needs extra cash now!
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