Margaret Thatcher Was Freakishly Correct About Why The Euro Would Be Such A Big Disaster
Basically, she outlined the problems with the euro perfectly, that Germany would chafe at the inevitable need for greater inflation, and that the poorer countries would inevitably be uncompetitive and need bailouts that would not easily be forthcoming.
Business Insider concludes…
It’s one thing to be kind of generically anti-Euro, which a lot of people in England have been.
It’s another thing to absolutely nail why the euro would be such a disaster.
Nothing to see here, move along. Oh, and the US debt doesn’t matter either.
