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  1. #12
    Player
    Yves's Avatar
    Join Date
    Mar 2011
    Posts
    556
    Character
    Bubble Yum
    World
    Sargatanas
    Main Class
    Goldsmith Lv 50
    Quote Originally Posted by Choyi View Post
    And I fail to see what economy your refering too? Unless your only source of news is FOX you'd know most EU countires have rather stable economy compared to say the US, EU isnt a country, its a continent, some nations on said continent are struggling with their economy right now(like greece), but that won't directly effect another country in the EU much more then any other part of the world...
    The EU is far from stable. In the globalized era, the more "tied up" your currency is the less stable it is. Consider the comparison of the Euro against the dollar over a two year history. In June, 2010 the Euro peaked (for this time period) at .83 against the dollar. However, in May 2011 the Euro hit a low of .68. Now that is anything but stable. But, at the same time, that indicates that the dollar is equally unstable! This is the evidence that any globalized system is not stable.

    You state that the struggles of countries which the EU supports won't directly affect them is incorrect. For example, what happens to the EU if Greece defaults? How will the EU support their currency in the event this occurs? How can you recoup money from a bankrupt country? Last I checked, the UN will not allow an international union of any sort to seize/foreclose on a country for failure to pay.

    Buddy, you are implying that someone is narrow-minded or ill-informed when your response is guilty of that.

    ON-TOPIC: I would wait because we should see some kind of response within the next couple of days. No need to worry three days into the mess.
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    Last edited by Yves; 03-05-2012 at 02:30 PM.