[quote=briansd1]
I think that Euro bonds are in the future. And Brussels will have the right to veto countries’ budgets, or otherwise penalize counties that don’t comply. Something that economists such as Paul Krugman predicted a while back.[/quote]
It’s possible but I highly doubt it. The German people aren’t going to go for that and the German constitution would have to be amended to make Euro Bonds a possibility. They’ll try slight of hands like they are now, where the ECB is promising to buy unlimited quantities of bonds without identifying where the money is coming from. Eventually people are going to figure out that the money (the actual goods and services the ECB is loaning) is coming from the Northern European countries via devaluation of the Euro.
As an individual you’ll bail out a family member with bad financial decisions to a degree but eventually you’re going to cut them off and move on. That’s essentially what Europe is doing right now. Either Finland, Germany, or France are going to realize they aren’t ever getting paid back and decide to leave, or Greece is going to default and leave, so they can devalue. Whoever leaves first will reap the biggest benefit.
