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I think this may be the point that ARGeezer, from his redoubt in deepest, darkest, Trumpian USA, is missing: the almost complete ideological capture of financial elites in almost all EZ countries.  They all want to be like Germany, all want a STRONG currency, are dismissive of Keynesian economics, and simply can't do arithmetic.

They won't create or join a Seuro because that would be like admitting you are a second class citizen incapable of standing on your own two feet.  That is why they won't even really challenge Germany on the ECB Board where they have a majority.  They BELIEVE in austerity, want to emulate Merkel, and like being whipped into line by a dominatrix style Eurogroup.  Austerity is their sexual gratification mode...

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sun Aug 28th, 2016 at 05:49:04 PM EST
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