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Eurozone nations defend currency union

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Europe faces same woes as US of rising public debts, due to spending to deficts levels.

USA like reforms need to be put in . Violators of all EU's finance and EU's business need to be scrutinised and reformed via enquiries.

New capable EU leaders of business and finance,need to put in ,to reform the old obsolete fiscal policies systems and its financial leadership.

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rajakumar: what do you mean by "USA like reforms"

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By "USA like reforms" he probably means "making more debt". And yes, the European leaders, like lemmings jumping over the cliff, follow this insane recipe.

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WilliB..

Making more debt,I did not say this. Take all the good in the USA recipe minus the bad,is what I meant. There can also many changes along the way.

Please tell us your cure recipe for new EU cake pies. Can we know this new cure recipe for EU cakepies.

Are you planning to reduce or maintain EU cake pie size in the long run ?? There is more than enough wheat to maintain cake pies supply.

It is other comforts,which is the problem. That is work,housing ,infrastructure,leadership and finance institutions.

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And yes, the European leaders, like lemmings jumping over the cliff, follow this insane recipe.

Ah, how would they know the difference between sensible and foolish when the room's full of yes-men. Who's to say NO?!

(And the moment someone's tells the difference they just silence the messenger)

Now shoosh :|

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Violators of all EU's finance and EU's business need to be scrutinised and reformed via enquiries. New capable EU leaders of business and finance,need to put in ,to reform the old obsolete fiscal policies systems and its financial leadership.

I agree, but they need an int'l framework soon. The proposed Basel III will cover only banks' liquidity and acceptable capital requirements. It doesn't go far enough. I want an int'l agency that can bite back :|

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WilliB: I think that everything privatized, 0 tax, 0 regulation will result in a complete anarchy. Actually keep just some taxes just for the military.

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rajakumar:

I don´t know what you are trying to say. The simple fact is that you don´t solve a debt problem by taking on more debt. If you think that works for governments, try it in your own life.

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It works for the USA because China and Japan must keep on buying.

It wont work for Europe because the Euro is not backed by anything but printed paper money and empty promises.

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It works for the USA because Japan and China's alternative is European debt.

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