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TorgoX (1933)


"Il est beau comme la retractilité des serres des oiseaux rapaces [...] et surtout, comme la rencontre fortuite sur une table de dissection d'une machine à coudre et d'un parapluie !" -- Lautréamont

Journal of TorgoX (1933)

Saturday May 04, 2002
12:39 AM

"The euro has saved us"

[ #4660 ]
Dear Log,

An interesting scenario to consider:

«...not widely mentioned, as Garçin points out, was the safety-net provided by the euro. "Imagine what would have happened if we had still had the franc - it would have gone into freefall. Imagine what would happen in your country to the pound if you had our election results. The euro has saved us."»

-- "French Farce"

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  • What happens when the Euro declines because of what happens in some other country/countries?
    • Then the relationship Europe-World declines economically but 1) that's less likely to happen because monetary Europe has a very high stability, and 2) it has nowhere near as much effect as the franc alone being devaluated as the vast majority of commercial exchanges happen within EU borders.


      -- Robin Berjon []