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WHAT A SCAM

By Pete Moore On August 17th, 2019

The Euro has pounded Southern Europe’s economies to dust, condemning tens of millions to permanent unemployment. But look at Germany’s credit account surpluses since the turn of the century, when the Euro was adopted. It’s a monstrous and wicked scam.

5 Responses to “WHAT A SCAM”

  1. Pete

    Interesting to see you quote Paul Krugman with approval as he is usually a Rightworld hate figure.

    Of course he’s right about the Euro. It has become the Deutchmark Lite which has made the Germans super-competitive against the other Euro members, especially Italy but also France. This is ironic since it was France that insisted on the creation of a single currency as the price of German reunification in 1990.

  2. Peter –

    Krugman is often good on trade and trade balances. But his analysis often spills over into terrible policy prescriptions. He can diagnose but can’t cure.

  3. and yet Germany still refuses to pay it’s treaty obligation to NATO……

  4. I’d like to see an appraisal by someone who WOULDN’T like to see the German economy and Germany in general suffer.

  5. And yet Germany still refuses to pay it’s treaty obligation to NATO……

    Which treaty obligation is that Pat?