Firstly, there are grave political problems, the fallout could affect the economies reputation and lead to less confidence and less investment e.t.c in the long term. Transaction Costs. Switching from one currency to another is a significant cost. Not only do you have to re-introduce a currency, but, also change over bank machines, and any… Read More

1. No Devaluation. In the Euro, you can’t devalue if your currency becomes uncompetitive. This has been a significant problem for Euro countries like Spain, Italy and Greece. Compared to Germany, these countries have seen higher wage growth, higher inflation and lower productivity growth. This means their exports become uncompetitive leading to lower demand and… Read More

The OMRLP with the invaluable assistance of secret Squirrel now have a 21 point Plan to win elections. Any election. By carefully observing the behaviour of succesfull “politicians” we have come up with 21 strategies that are used almost daily to blind the electorate into voting for a particular candidate. 21 Point Plan To Win… Read More