Tuesday, May 15, 2012

Canada: No To Euro

From Yahoo:
"Canada says maybe Europe should give up euro zone"

If European countries are not prepared to bail out fellow euro zone members, maybe they should just abandon the whole concept of a common currency, Canadian Finance Minister Jim Flaherty said on Monday in some of his most direct remarks on the issue. "This is a time of crisis in the euro zone. The whole future of the euro zone is up for grabs, and this is very important for many of the euro zone member countries, given the history of Europe in the last 100 years or so," Flaherty told CTV television. "So they have to show courage. They have to do the right thing, use some of their taxpayers' money to bail out some of the weaker members of the euro zone - or start moving away from the euro zone and just say this was an experiment that has not worked."


^  It seems a little odd for Canada to say anything about this since it doesn't really affect them. If it was a private citizen saying this it would be fine, but not an official of the Government. Everyone knows that the Euro Zone is a bad idea (especially right now) and that the EU let anyone and everyone join without doing their "homework" and now the dozens of countries and millions of people who use the Euro are paying the price. The fate of the Euro is not whether countries will stop using it, but when they will. I see Greece, Italy, Spain, Portugal and Ireland giving up the Euro and doing so soon. As for the other countries I am not sure. ^

http://news.yahoo.com/canada-says-maybe-europe-euro-zone-212930171.html

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