tag:blogger.com,1999:blog-36227136.post7617770874219723987..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Banking union: are you in or out?OEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-36227136.post-28678079215118519962012-12-14T16:48:58.911+00:002012-12-14T16:48:58.911+00:00For the richer countries an out is the optimum sol...For the richer countries an out is the optimum solution.<br />Basically they are much more likely to pay than to receive anyway.<br />Plus in case they come in a bad position alone they can do an Iceland (basically largely at the cost of the foreign investors) as they have an economic base to start with. An option more difficult and unlikely the closer youy get to the Euro-junkyard.<br /><br />The poorer ones it is basically the other way around plus the closer to the centre the closer to all kind of subsidies.<br /><br />It looks like the Eurozone is quickly becoming the bustbin of Europe with all sorts of countries that hardly have a worldclass economy joining and the rest avoiding it like the plague. Good luck for the FANGs they will need it. Riknoreply@blogger.com