a kick in the balls, on 15 June 2015 - 03:54 PM, said:
They were too slow on interest rate cuts, were far too slow, and no where near aggressive enough when it came to implementing a programme of quantatitive easing to put money into the system.
The EU central bank is without leadership and has its head in the sand regarding levels of debt, investment and economic stimulusAnd you would love to join that chaos?
the sooner we leave this rediculous political project the better
It isn't the project, it is the members and a complete lack of vetting and rules.
Question - what is the only country to meet the original entry criteria for the EEC?
Clue - you're standing in it.
Even the Germans changed their tax policy to meet entry criteria.
The Mediterranean countries simply don't have the wherewithal to match northern states fiscal policy.