Over-complex Europe keeps making same mistakes | Forex Factory

  • Over-complex Europe keeps making same mistakes

    From reuters.com

    Americans call it a Rube Goldberg machine, Britons a Heath Robinson contraption and the Danes a Storm P machine. The European Union's policy-making system often resembles one of those cartoon designs of an implausibly convoluted system for achieving a simple task - held together by sticking plaster, string, frequent tinkering and plenty of wishful thinking. What is striking when you compare Europe's policies on agriculture, monetary union and climate change is the similarity of the way the EU keeps bolting on patches and extra wiring to try to fix problems created by its own solutions. Over the last five decades, the ... (full story)

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Ndralounge
May 14, 2012 8:07am
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It Strong, But Fragile
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Trader#607C
May 14, 2012 8:09am
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So does JP Morgan and probably 9 out of 10 banks around the globe.

The problem is that banks operate by a "privatised profits vs socialized losses" maxim while "Europe" is being forced to find a reasonable solution for the socialized losses.

And there's a substantial difference between the democratic organisation of the EU and the position of any CEO.

It's quite easy to publish opinions without taking the entire situation into account.
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