Leaving the Euro?

[theUO]

Given the Woolfson Prize Winner 2012 was awarded to a team drawing up a plan for a country leaving the Euro it seems like the question looms ever larger.....

this is a little piece I wrote on Ireland potentially leaving the euro & summary of some of the key points of the report.

http://theunanimityofone.blogspot.ie...ay-it-was.html

Is it time to bite the bullet and leave or is it a knee-jerk reaction?

this is the link to the report also..

http://www.policyexchange.org.uk/ima...r%20bootle.pdf

[Sam Lord]

Public Meeting in Dublin next weekend:

Saturday 14 July, 2 p.m.
Public meeting
Ireland outside the euro
Speakers: Anthony Coughlan (National Platform), Dr Conor McCabe (economist, author of Sins of the Father). Chairperson: Eugene McCartan.
James Connolly House, 43 East Essex Street, Dublin

[C. Flower]

Given the Woolfson Prize Winner 2012 was awarded to a team drawing up a plan for a country leaving the Euro it seems like the question looms ever larger.....

this is a little piece I wrote on Ireland potentially leaving the euro & summary of some of the key points of the report.

http://theunanimityofone.blogspot.ie...ay-it-was.html

Is it time to bite the bullet and leave or is it a knee-jerk reaction?

this is the link to the report also..

http://www.policyexchange.org.uk/ima...r%20bootle.pdf

In many ways I think the best solution would be to get Germany to leave the eurozone, which would lead to a devaluation but with much less disruption. It may also be acceptable to many Germans.

In either case, given the extreme fragility of the world economy, there would be a need for emergency measures to ensure that everyone remains housed and fed, and to safeguard jobs.

The existing European institutions have completely failed and by and large are being by-passed, for big decisions. It's an opportunity to replace them with democratic structures.

[theUO]

In many ways I think the best solution would be to get Germany to leave the eurozone, which would lead to a devaluation but with much less disruption. It may also be acceptable to many Germans.

In either case, given the extreme fragility of the world economy, there would be a need for emergency measures to ensure that everyone remains housed and fed, and to safeguard jobs.

The existing European institutions have completely failed and by and large are being by-passed, for big decisions. It's an opportunity to replace them with democratic structures.

Absolutely agree that a German exit could be the most prudent/favourable option although despite a large anti-euro sentiment among Germans I'm not sure I could see it happening soon. That said, the sands of this debate seem to change so quickly you'd never know.

There has been a lot of talk about a breakaway of the Northern states to from a stronger currency union, the likes of Germany, Holland, Belgium etc.

[Holly]

Were Ireland to leave the euro, the new punt could be devalued, making the country more competitive.
Such a move would be opposed by public sector employees so it will not happen.

[fluffybiscuits]

In many ways I think the best solution would be to get Germany to leave the eurozone, which would lead to a devaluation but with much less disruption. It may also be acceptable to many Germans.

In either case, given the extreme fragility of the world economy, there would be a need for emergency measures to ensure that everyone remains housed and fed, and to safeguard jobs.

The existing European institutions have completely failed and by and large are being by-passed, for big decisions. It's an opportunity to replace them with democratic structures.

They would get to retain a stronger currency but it would also perhaps signify a drop in business for their manufacturing sector. As the goods from outside Europe would be a whole lot cheaper people could buy in from the Eurozone and seriously undermine German manufacturing and this in turn could mean some job losses. Its an interesting concept though, would be less hassle in terms of administration and certainly a deal could be worked out. The Euro represents a lot of hard work for the Germans , would they abandon the symbolism the Euro holds for them?

[theUO]

They would get to retain a stronger currency but it would also perhaps signify a drop in business for their manufacturing sector. As the goods from outside Europe would be a whole lot cheaper people could buy in from the Eurozone and seriously undermine German manufacturing and this in turn could mean some job losses. Its an interesting concept though, would be less hassle in terms of administration and certainly a deal could be worked out. The Euro represents a lot of hard work for the Germans , would they abandon the symbolism the Euro holds for them?

Do the Germans hold a strong symbolism with the euro? They have a real nostalgia about the Deutschmark, but never really seen an affinity with the single currency?

[fluffybiscuits]

Do the Germans hold a strong symbolism with the euro? They have a real nostalgia about the Deutschmark, but never really seen an affinity with the single currency?

Im not too sure but it is a symbolism of their work which they may be reluctant to give it up