Sadly, the architects of this plan have it backwards. Their starting point is “What is necessary to save the euro?” From there, they end up advocating policies of quite startling brutality. Yet the very differences in housing wealth between nations illustrate, once again, the folly of locking disparate economies into a shared currency. Those in Brussels and Berlin must ask instead: “What is necessary to restore prosperity to our benighted continent?”
They\’re almost there at Telegraph Towers but still not quite.
With climate change the question is not \”How much will it cost to stop climate change?\” but rather, \”What is the cost of climate change and thus how much is it worth spending to stop it?\”
So with the euro. Not \”What must we do to save the euro?\” but \”What is the value of the euro thus how much pain should we inflict to save it?\”.
My answers being not much and pretty much none but I agree that people can differ on that. The important thing is to be asking the right question.