The latest deal to try to save the Eurozone is a classic example of the futility of laws, rules and policies that merely reiterate already-existing laws, rules and policies. ("Hate crimes" legislation here in America is another example of this.) A policy of "All you debt-ridden countries get your budgets balanced or else!" isn't going to do a stinkin' thing to turn Greece or Portugal into viable economies.
The Eurozone was a bad idea from the get-go.
HT: Sense of Events
A doomed situation from the get-go.
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