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Unread 22-07-2011, 07:35   #7
on the move
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The Euro saved us from the banking crisis striking here the same way it hit Iceland, UK, Serbia, Hungary, Latvia and several other countries. The UK didn't need IMF aid, but Sterling collapsed and hasn't recovered since.

If we lost the Euro, not only could we not spend our money in half of Europe, but the punt would last about 5 minutes before there would be a run on it. That's one thing we don't have these days because of the safety net of the Euro.
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