On 2016-07-17 08:45:12 +0000, Recliner said:

Many of the woes of the Club Med EU members are because of their membership
of the euro at unrealistic exchange rates, not the EU. The EU has probably
been widened a bit too much, but it is the Eurozone that has been extended
to far too many countries. If the rules for entry were more stringent, and
extremely strict, Italy, Spain and Greece, and maybe even France, would not
have been allowed, let alone forced, to join. So a Eurozone with perhaps
half a dozen Northern European members would probably have worked well, and
a few more EU countries might have been motivated to run their economies
better with the motivation to join. But there would never be 18 members.

TBH I think the Euro has run its course - cards are widely accepted and
money is easily converted - and I'm fairly strongly of the view that
the ability to devalue the Pound has saved us going the same way as
Greece on a number of occasions. I'm surprised it did survive the
Greek issue - but I doubt it will survive all that much longer, and nor
really should it.

Neil
--
Neil Williams
Put my first name before the @ to reply.