May 22, 2012

The Euro, Explained

By fictional genius, Lord Slackbladder:

Baldrick: What I want to know, Sir, is before there was a Euro there were lots of different types of money that different people used. And now there’s only one type of money that the foreign people use. And what I want to know is, how did we get from one state of affairs to the other state of affairs?

Blackadder: Baldrick. Do you mean, how did the Euro start?

Baldrick: Yes sir.

Blackadder: Well, you see Baldrick, back in the 1980s there were many different countries all running their own finances and using different types of money. On one side you had the major economies of France, Belgium, Holland and Germany, and on the other, the weaker nations of Spain, Greece, Ireland, Italy and Portugal. They got together and decided that it would be much easier for everyone if they could all use the same money, have one Central Bank, and belong to one large club where everyone would be happy. This meant that there could never be a situation whereby financial meltdown would lead to social unrest, wars and crises.

Baldrick: But this is sort of a crisis, isn’t it, Sir?

Blackadder: That’s right Baldrick. You see, there was one slight flaw with the plan.

Baldrick: What was that then, Sir?

Blackadder: It was bollocks.

So there you have it.


PS-Tip of ye olde beret to some bloke on Twitter. I thang yew.


Anonymous said...


(No pun intended)



Anonymous said...

People keep forgetting that in the old days eu countries paid a "bank tax" to get their money converted into each other's currencies, like brits still have to.

Caratacus said...

Cracking, absolutely fuckin cracking Cap'n :-)

Perhaps someone could explain it to Madame Lagarde between hair appointments...