It is a strange world when our leaders do not learn from history but believe they can build empires on sand or moving platforms; such is the case for the Euro. The basic idea of a single currency ruled by one finance ministry and tax regime is an excellent idea, and from this idea the politicians decided to go madly ahead and introduce a single currency without first building the strongest foundations possible.
The politicians decided that all countries within the Euro zone were at the same level of wealth, that all countries had strict tax regimes and that all countries played by the same rules. However this was far from the truth, the northern European countries had rich manufacturing economies and very rigid tax regimes with people that played by the rules; while the southern states had very little in regards to manufacturing industry and relied mainly on farming and tourism, with a tax regime that is laughable at best and absolutely non existent at worst. Continue reading “A biblical parable (sort of)”
Boadicea's Chariot 