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Thread: President Nicolas Sarkozy 'threatened to pull France out of euro'

  1. #41
    Enemy Combatant
    Kandahar's Avatar
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    Jul 2005
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    10-15-13 @ 07:47 PM

    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by Areopagitican View Post
    Uh-huh (I'm skeptical). I would have definitely agreed with you, even, last month. Perhaps, even, three weeks ago. But after Greece and looking at the upside down rates on Spanish, Portuguese (+other selection of European countries) bonds I'll say that for the short-run, at least, you're problems are bigger.

    When (not if) California goes bankrupt, or if some other state follows; I'll be happy to admit that the United States is having more troubles then Europe. Yet, for now, one can't be honest and say the EU is having a gigantic daisy-chain circle compared to the US.
    I disagree with you about California. While it's a bigger part of the US economy than Greece is of the EU economy, a Californian bankruptcy would not be nearly as economically harmful as a Greek bankruptcy.

    If California (or any other state) goes bankrupt, the federal government will continue to send out social security, medicare, and unemployment benefits. The EU does not have a strong federal government in the same way that the United States does, which means that any problems in the Euro zone are likely to fester and spread.
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  2. #42
    free market communist
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    Sep 2005
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    09-30-17 @ 11:27 AM

    Re: President Nicolas Sarkozy 'threatened to pull France out of euro'

    Quote Originally Posted by PeteEU View Post
    And we are still laughing at the US because your problems are so much bigger than ours..
    Mine isn't really a problem, Pete, as I just tuck it down the side of my pants.

    But I get your drift.
    "you're better off on Stormfront discussing how evil brown men are taking innocent white flowers." Infinite Chaos

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