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Secession is the only real hope. Maintain the free trade and common labor market, but get rid of the Euro and leave the political sphere. Losing your sovereignty to a national government is bad, but getting it lost to a multi-national government is even worse.
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http://www.lewrockwell.com/podcast/?p=episode&name=2009-02-08_098_the_left_the_right_and_the_state.mp3