http://www.economist.com/blogs/freeexchange/2012/09/europes-crisisIS ANYONE ELSE TIRED OF EURO-BLOWHARDS
restating the patently obvious? The northern and southern cultures are incompatible. Or better stated, the Protestant german speaking cultures are incompatible with the catholic countries. Is that difficult to understand?
The euro was doomed from the start. Either the germanic peoples leave and save the south, or the south leaves and dies by suicide. Although some of our south american friends have proven even that is survivable if you have a parent currency to leverage.
The Economist for some reason feels the need to print toilet tissue on the subject. But this is not a question of economic efficiency. It’s a question of cultures.
Source date (UTC): 2012-09-21 00:01:00 UTC
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