Why a Eurozone crash would be good
There's been alot of talk this week about the state of the European econonomy and it looks like the Euro will be getting diluted pretty soon into a currency supporting the Northern European countries that have stable economies.
Now sticking to the food theme this is no bad thing in my opinion, here's why. The main food producers that we love (France excluded) are likely to be part of the meltdown, lets face it Spain, Italy and Greece amongst others are likely to slide into some form of liquidity.
I have a meagre amount of knowledge regarding economics but for what it worth this is what is likely to happen and what the upshot will be. The Euro will remain a currency in Germany and France primarily while the aforemntioned countries either retreat to their native currency or possibly a seperate version of the Euro.
This will allow those countries to kick start their economies in the way they know best by devaluing their currency and increasing the export of the goods and services they produce, something they can't do right now. Upshot in simple terms, pasta gets cheaper (£1.60 for a bag of DeCecco is taking the Michael) and Kevin and Perry can head over to Shagaluf for even cheaper beer, vodka and mushy peas. Actually not sure about the mushy peas, I assume we export them from Blackpool?
Either way the way the European economy is structured is going to change radically and lots of Tories will guffaw and say I told you so. If it means I don't have to pay 90p for a tin of Italian tomatos then I say bring it on...
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Well debated Lord Melrose ....
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