Tuesday, 26 June 2012

The eurozone crisis: End this madness now!!!

Spain again seeks help for their banks. There is only one reasonable solution to the eurozone crises: let the banks that are insolvent fail and let the countries that are insolvent default. There is far too much debt out their already to pay for it through future growth and the pain will continue for decades if the EU and central planners continue to put this missery on us all. Not to mention all the resources, costs and opportunity costs of the EU and the governments spending their time searching for a solution and managing the crisis - money well spent tax payers?

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