Which was predicted by some economists from day one.
One economist wrote, before the first Euro even circulated: "The euro will lead to too many public servants in France, too many industries in Germany, too many vacation houses in Spain [1], the default of Spain on its public debt and then the default of Greece on its public debt".
When Greece, not Spain, defaulted on its public debt, that same economist: "I was only wrong about the order of defaults of Greece and Spain".
The Euro, he predicted, would be one of the shortest lived currency in the history of currencies.
His name is Charles Gave and he's gotta be 80 y/o old now. Of course people are going to hate on him and spill all their hatred on him because he's neither a communism nor a socialist.
And then idiots are going to say that "euro is great because I can travel and pay in the same currency everywhere". As if they're own little convenience warranted the disaster that we're heading into because ideologues, not economists, decided to force a currency down the throat of most european citizens.
[1] btw there are many protests in Spain now because "costs of rents are too high" (yeah, no shit: there's a gigantic number of empty houses and apartment in Spain belonging to foreigners, who only come a few weeks per year).
One economist wrote, before the first Euro even circulated: "The euro will lead to too many public servants in France, too many industries in Germany, too many vacation houses in Spain [1], the default of Spain on its public debt and then the default of Greece on its public debt".
When Greece, not Spain, defaulted on its public debt, that same economist: "I was only wrong about the order of defaults of Greece and Spain".
The Euro, he predicted, would be one of the shortest lived currency in the history of currencies.
His name is Charles Gave and he's gotta be 80 y/o old now. Of course people are going to hate on him and spill all their hatred on him because he's neither a communism nor a socialist.
And then idiots are going to say that "euro is great because I can travel and pay in the same currency everywhere". As if they're own little convenience warranted the disaster that we're heading into because ideologues, not economists, decided to force a currency down the throat of most european citizens.
[1] btw there are many protests in Spain now because "costs of rents are too high" (yeah, no shit: there's a gigantic number of empty houses and apartment in Spain belonging to foreigners, who only come a few weeks per year).