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Currency union with Australia

  • February 22nd, 2010

I doubt that we could ever get the virulent depths of animosity toward Australia reported by the Telegraph from the Greek Parliament now that Germany is balking at letting the Greeks continue their spree on other peoples' (EU) credit.

But the Telegraph piece should be carefully considered by those who think that joining Australia would lock them into subsidising our profligacy for good.

It could just mean we get crucified on a currency of iron ore.

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