So what do you think is next if it does come around to Spain or Italy?
Truthfully, I have no idea.
The larger point is that the Euro currency in particular and the European Union in general is a political project, not an economic one. So I think the politicians of Europe will try everything they can to keep the political project on track, no matter how economically unworkable it is.
The question is whether the economic contradictions will overwhelm them before conditions improve.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
(no subject)
Date: 2010-11-23 07:55 am (UTC)Truthfully, I have no idea.
The larger point is that the Euro currency in particular and the European Union in general is a political project, not an economic one. So I think the politicians of Europe will try everything they can to keep the political project on track, no matter how economically unworkable it is.
The question is whether the economic contradictions will overwhelm them before conditions improve.