dshf on Nostr: EURO was doomed to fail since its birth. Monetary union without fiscal union cannot ...

EURO was doomed to fail since its birth. Monetary union without fiscal union cannot work. There will always be instability which requires constant ECB interventions on bonds markets.

Germany was pushing for common Euro currency to gain advantage over other members which had weaker currencies what was making them competitive on markets. It worked for a while. Germany enriched themselves over other countries like Italy but then the house of cards begun to fall. So countries with tighter fiscal discipline like Ze Germans had to start to pay for Greeks and rest of southern Europe. As difficult times come it will become standard.

This is the fair game as presented by Eurozone: one day you steal from others and the other day they exploit you.

Go to hell!