tag:blogger.com,1999:blog-8817171247555815363.post8813777562987374019..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 12/12/10: Europe's crisis won't be solved by the ideas advanced to-dateTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8817171247555815363.post-42637008494685919462010-12-23T19:51:19.576+00:002010-12-23T19:51:19.576+00:00You write the truely inconvenient truth but you ha...You write the truely inconvenient truth but you have a very small voice in the wind of popular and official media. <br /><br />You are similar to those who warned about the inevitable Fannie Mae disaster here in the States as Acorn forced banks to make bad loans. They hoped repackaging them into derivatives would save them.Yendorhttps://www.blogger.com/profile/10494391611613856716noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-68315021317025939402010-12-12T10:45:42.935+00:002010-12-12T10:45:42.935+00:00Because our public and private debts were incurred...<i>Because our public and private debts were incurred in the common currency of today, their 'weak euro' equivalent will simply have an added zero at the end of its nominal value.</i><br /><br />Would this still be the case if the 'Strong' euro was the new currency, and the weaker group remained in today's euro?Macknoreply@blogger.com