Posted by Ivo Cerckel on February 15th, 2012
Greece’s rescue package in doubt
Charles Bremner Brussels
February 15 2012 12:01AM
Luc Frieden, Luxembourg’s Finance Minister, said that the currency could move on without Greece, but added: “I still think we should do our best to keep the eurozone with all of its members.”
Money is a good readily acceptable [not; imposed by guv’mint] in exchange by everyone in a given geographical area and is sought for the purpose of being re-exchanged.
(George Reisman, “Capitalism – A Treatise on Economics”, Ottawa, Illinois: Jameson Books, 1998. 3rd ed., p. 142).
May the euro go underground in Greece..
At the end of the day, Greece will have saved, nay rescued, the euro.
Greece will have severed the euro’s link to the Frankfurter bureaucrats.
The euro is the first currency that has not only severed its link to gold, but also its link to the nation-state.
( International Charlemagne Prize of Aachen for 2002
Acceptance speech by Dr. Willem F. Duisenberg, President of the European Central Bank,Aachen, 9 May 2002 http://www.ecb.int/press/key/date/2002/html/sp020509.en.html
euroland will have to thank Greece for having rescued the euro from the Frankfurter bureaucrats.
Today Wednesday is my birthday. I am 50 years (very) old.
I got a nice present from Luc Frieden. Merci Monsieur le Ministre. Vielen Dank!
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