Rob
Player Valuation: £20m
You do realise that if we had the Euro we wouldn't be able to set interest rates though right?
is that necessarily a bad thing?
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You do realise that if we had the Euro we wouldn't be able to set interest rates though right?
I think the problems of the American car industry go far deeper than the current exchange rates around the world. Toyota are wiping the floor with the Detroit three simply because they're much better at making cars. Unfortunately they've got into a habit of asking the American government for help over the past decade as it's much easier to blame others than yourself
Of course. By signing away our right to determine our own economic policy to the ECB we are essentially saying that both our economic aims and indeed economic circumstances are the same as every other Eurozone nation. This is clearly not the case at all. Both France and Germany have already broken the fiscal stability pact that all Eurozone nations signed up to.
This idea that some form of United States of Europe can be created ignores the centuries of history that have helped create such vastly different cultures, both economically and socially within Europe. America can pull it off because it is one nation, forged under one identity all those years ago. Europe isn't and therefore the economic case for joining the single currency is a very poor one indeed. After all we've hardly suffered from not being a member over the past 8 years.
The issues of sovereignty and currency exchange are mere trifles in comparison.
America can pull it off because it is one nation, forged under one identity all those years ago.
At the risk of calling down the wrath of TXBill upon me, isn't this the kind of fairy story that we are all taught at school (in the case of the UK, the glorious days of Empire)?
The USA was and is anything but a homogenous nation and whether you are referring to the War of Independence (happy 4th to those over the ocean by the way!) or the Civil War as being the "forging" let us not forget that there were completely different communities with different interests and imperatives living in what is now the USA. (French/méti; Spanish/Mexican; various social and religious shades of other European and British; slaves/African-American; and, of course, native Americans).
And if the USA can integrate and continue to sustain the different cultures, races and social standards (arguably greater in difference than in Europe) which make up the country, then surely there is at least the possibility that a United States of Europe is a viable idea.
Whether or not the other countries would or should wait for a permanently reluctant and sulking small country on the edge of the continent is another matter...