
Paul Shea has the following assesment of the European situation. Link: HERE I think him wrong in most places. There is not the assumed similarity between the USD and the EUR: 1) The EUR is not a reserve currency. The only country with sufficient clout in the EU is (correctly) Germany; but Germany does not run a consistent deficit: On the contrary. 2) The EU has 27 different economies each with sovereignty. These economies...
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