Calling bullsh$t on the concept that Italy isn’t a victim of the euro

Note: This post was first published on Patreon on 29 May 2018

One of the benefits of writing behind a paywall is that I am more likely to say exactly what I think. Case and point comes from this post on Bloomberg about why the euro is so lovely.

Here's what it says:
The common currency’s proponents have a strong case, they just need to make it more convincingly.... What the euro has failed to achieve, at least so far, is its major political goal of fostering a shared European social identity.
Total rubbish.

And you know it.

Just go back to Wynne Godley for goodness sake. He predicted the euro crisis when its architecture was decided and before the euro was even formed. That was back in 1992.

Five years later in 1997, Charles Goodhart also outlined why the euro was destined for a trial...


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