I just read an interview with French politician Marine Le Pen. She was discussing various topics, one of them being the economy. Here is what she said..."Incontestably, the Euro has not demonstrated its viability in terms of stimulating growth and prosperity and reducing unemployment for the people of Europe. On the contrary, it has contributed to the long-term weakening of our economies. If we return to a national currency, we can once again have the central bank of France issuing loans to the Treasury without interest. That would enable us to get out of this spiral of debt in which we’ve been living for several years."
Notice the claimed connection between zero interest loans to the Treasury and getting out of debt. If this is how some folks in Europe plan to get their house in order, maybe holding good ol' greenbacks isn't such a bad idea.
Of Debt and Central Banks
Moderator: Global Moderator