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Sunday, September 27, 2020
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Home Readers Comments Reader’s Comment: The euro is a German racket

Reader’s Comment: The euro is a German racket

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In response to David Keighley’s BBC Watch: Mardell buries impartiality with his funeral in Berlin, Colkitto03 wrote:

I’m sure the Germans are against Brexit. Why would they be for it? The issue here is that they won’t give a really honest response as to why.

The euro provided a level playing field whereby German efficiency and work ethic could then trump everything else, and to an extent that is how it works.

What they did not factor in was just how appallingly badly run all the other countries were when they did not have their own currencies to hide behind. 

Germany needs us much, much more than we need them, that is basic economics. Please Google “Italian banking crises 2016” if you want to see what is keeping German bankers up at night: two trillion euros of debt and going up.

 

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