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Shockingly, They Are Hypocrites – Just Like Everyone Else

posted by Stephen Lubben

As Germany vs. Greece, and Germany vs. the EU Southern and Western edges, heats up yet again, some important historical context, over at Spiegel.

January 23, 2015 at 8:44 PM in Sovereign Debt

Comments

I'm sorry Sir, but I've missed your point. There are structural problems in Europe to cope with globalization. Swapping local currencies (Lira, Peseta, Dragma, etc..) for Euros allowed them to put off reforms for a decade, issuing cheap debt to pay for inefficiencies (state enterprises, legion of public servants, unions in charge of (un) education... As the Irish said it: Equality of opportunity, not Equally per se. So, now what?

Posted by: Fernando | January 25, 2015 at 01:13 PM

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