Newsgroup: it.politica
Titolo: Un pensiero per gli amici di sinistra (così la finiamo con le cretinate modello "Maastricht non si tocca")

Visto che non dovremmo permetterci neanche lontanamente
di mettere in dubbio il modo in cui l'Euro è stato gestito
negli ultimi anni, vorrei postare un pensiero di un
"miserrimo" economista, che aveva detto ciò che oggi
sostiene la destra già 8 anni fa (ma nessuno a sinistra lo ha
mai letto e quindi in questo NG continuano a sentirsi idiozie,
tipo "L'Euro non si tocca" o "Senza l'Euro sai quanto
l'avremmo pagata la benzina"):
20/6/1997
The relevant question is not whether the euro is economically viable -- it 
is if the member states are willing to exercise the necessary discipline, as 
they did from 1870 to 1914 under the gold standard -- but whether it is 
preferable to flexible exchange rates.
Does the gain from greater discipline and lower transaction costs outweigh 
the loss from dispensing with an effective adjustment mechanism and having 
to rely entirely on price and wage changes to absorb differential impacts of 
economic events on the different countries?
My considered opinion has long been that the loss outweighs the gain. The 
potential members of the EMU do not have sufficiently flexible wages and 
prices, or sufficiently mobile workers, or a sufficiently effective fiscal 
compensatory mechanism, to serve as a satisfactory substitute for flexible 
exchange rates.
The likely result is that the euro will exacerbate political tensions by 
converting divergent shocks that could have been readily accommodated by 
exchange rate changes into divisive political issues.
Political unity can pave the way for monetary unity. Monetary unity imposed 
under unfavorable conditions will prove a barrier to the achievement of 
political unity.
Monday 27th August 2001
US economist Milton Friedman says the euro is a "great mistake" that will 
cause turbulence in several European countries in the next few years.
Mr Friedman , whose monetarist theories inspired the economic policies of 
Margaret Thatcher in the 1980s, argues that the euro will highlight the 
contrasts between EU countries instead of supporting a unified political 
system.
In an interview with Italian daily Corriere della Sera, he cited the example 
of Ireland, which he said should be tightening its monetary policy, and 
Italy, which "probably needs a more flexible policy".
If Germany should also decide to "adopt a policy of easy money" to boost its 
economy, tensions would be considerable, particularly in Germany, France and 
Spain, he added.
Friedman said he approves of Italian Prime Minister Silvio Berlusconi's 
plans to cut the tax burden along with reducing public spending, but added 
that to some extent Italy's hands are tied.
"The problem, for you, is that Italy today cannot do what Thatcher did 
almost as soon as she arrived in power, eliminating exchange controls and 
making sterling float.
"Italy now unfortunately cannot do the same thing because of the euro," 
Friedman said.
Asked whether some countries should consider dropping the single currency, 
Friedman said this would not be possible since "the key was thrown away" 
after the euro was adopted.
On the US economy, he said he expects a recession to be lengthier but less 
deep than in previous cases, with growth likely to return next year.
He said the Fed's policy to cut interest rates is correct as an instrument 
to boost growth but will be too inflationary in the long run.
Saluti
Vegeta


mi risparmio la pena di leggere e mi permetto di farti notare che non e' 
solo la sinistra in Italia a fare certe considerazioni sull'Euro
ma forse ti rusluta troppo difficile da accettare che tuttele beghe 
sull'euro sono cazzate per nascondere le responsabilita' dei governi. E 
pensa un po'... a noi in Italia c'e' capitato il governo del nano e del 
dentista, pensa te
altro che le previsioni di 8 anni fa