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Re: Sell-off and reversal / PIIGS / EU Partner Deal
Not to stray too far off topic but the Germans won't want to have 7% inflation. You really cannot have currency union without political union, and all these different languages and cultures they just won't go for political union. The Euro might survive as a French, German, Dutch currency, with the PIIGS each going to their national currencies which they can inflate.
I wonder if this chaos won't effect ARNA and DNDN and others looking to strike EU deals. It won't effect the approval process too much, but with uncertainty about pricing and wages and taxes it may delay a deal or cause a deal to come in under expectations.
