Tuesday, June 5, 2012

Václav Klaus explains European Realities

Very blunt, very honest - says it all stems from lack of the wished-for solidarity.  The Czech republic was admirably smart to retain their own currency.

Václav Klaus explains European Realities - YouTube video.

He nails it when he says that Europe must return from supra-nationalism to inter-governmentalism.

Statistic show that "open marriages" just don't scale up, except as low frequency exceptions.

Too few are listening of course.

Sounds like you can never go wrong shorting Europe, the EEU and the euro.  Hope Paul Volcker is listening.

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