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But the euro is a wealth transfer mechanism. It transfers wealth from the poor to the stinking rich. So from the poor in both Germany and Greece to the stinking rich in both Germany and Greece.

If German workers got paid enough to keep Germanys trade balanced, they could afford more holidays in Greece and the workers in Greece could then afford more industrial goods from Germany. Instead we get Harz in Germany to push wages (though they call it inflation) down and slaughter of jobs, wages and rights for workers in Greece.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Tue Feb 14th, 2012 at 04:27:30 PM EST
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