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Out of context: Reply #21
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- lowimpakt0
i haven't read whole thread but......
It is hard to chart the impact of the euro in the correct geopolitical/economic context. BUT It sometimes seems that the regional calls (from italy and germany etc) to a return to 'old' currencies is driven by a nationalistic agenda rather than a sound economic one.
much of the economic woes of europe come from factors above and beyond adjustment imapcts of the euro. To see what emerging economies in the east are doing to improve the "competitieness of the nation" is really really interesting. Logical processes of developing a legislative framework to ensure competitiveness, stimulating demand and creation of internal markets etc etc.
so basically retraction and retreat within europe is not the answer.