Basic debate, what are your opinions and suggestions about the Euro Crisis and how do you think it should be fixed.
I personally think, without going into to much detail that Germany should leave the Euro and create their own super powered currency. As Germany was the reason the inflation level stayed low for so long, and now that Germany needs it to be high, the remaining countries who are all struggling need it low.
If Germany where to leave it would mean Greece, Italy etc could de-value the Euro to make themselves more competitive again. If they had to leave themselves and swap currencies, for example Greece back to the Drakmar, it would create more riots within the country and would cause people to lose more of their competitive income.
What do you think should be done?
I personally think, without going into to much detail that Germany should leave the Euro and create their own super powered currency. As Germany was the reason the inflation level stayed low for so long, and now that Germany needs it to be high, the remaining countries who are all struggling need it low.
If Germany where to leave it would mean Greece, Italy etc could de-value the Euro to make themselves more competitive again. If they had to leave themselves and swap currencies, for example Greece back to the Drakmar, it would create more riots within the country and would cause people to lose more of their competitive income.
What do you think should be done?