Ridiculous statement of the week

[fpb]

Dick Morris: The inevitable outcome of the Greek financial crisis - soon to be followed by comparable events in Portugal, Spain and probably Italy - will be the collapse of the Euro and a sharp halt in the momentum for European integration.
And this guy has been a presidential advisor.

Comments

?

[joetexx.livejournal.com]

I'm puzzled. Granted that Morris is a ridiculous fellow, why is the comment ridiculous? I don't know enough about finance to speak to the Euro, but I've seen a lot of commentary on the problems the crisis is creating for the EU politically.

Re: ?

[fpb.livejournal.com]

The euro will not go away. Anything else is dreaming. End of story. A number of commentators with ideological hang-ups have been led to lunatic daydreams by the Greek crisis, but all that will happen (and has happened) is that the Greeks have been given a spanking and sent to their room without any dessert. Portugal, the next target of the stock-exchange sharks, has not fallen and will not be allowed to fall. Spain is not even in the frame. Italy's banking sector is the strongest in the developed world. And so on. Above all, people don't take the kind of commitment that a dozen of the world's leading countries have taken just to let the first problem throw them off.