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View Diary: German Spiegel: "Notes on the Decline of a Great Nation" (317 comments)

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  •  The Destruction of the Euro wil fall.. (2+ / 0-)
    Recommended by:
    limpidglass, polecat

    ...entirely on its architects who made this bold bet.

    Twenty years ago, they realized that a monetary union was not viable without permanent fiscal transfers, without a United States of Europe.  

    They bet that by the time a crisis made one necessary, that Greeks and Germans would consider themselves European, moreso than a citizens of their "state".  At that point, these architects figured that Greeks, Spaniards and Germans would vote to form a US of Europe, ceding all sovereignty to a central government in Berlin or Brussels.

    Instead of cheering for the Spanish team in the upcoming World Cup, these "architects" believed that Madrilenos would cheer for the "equipazo" from the US of Europe as it played the team from England in the World Cup final.

    Not going to happen.

    Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project. www.hamiltonproject.org

    by PatriciaVa on Mon Nov 26, 2012 at 03:08:43 PM PST

    [ Parent ]

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