The Euro – A Big Error (Part 1)

More+Comment ♦ Published: May 20, 2012; 21:00 ♦ (Vindobona)

The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.

The Euro – A Big Error (Part 1) / Picture: © European Commission

The euro was a constructional defect right from the very beginning. Being a political product without economic rationality, the common currency was doomed to failure. Now, thirteen years after the introduction, the errors are undeniable and obvious. Nevertheless, the European Union still latches desperately onto the failed currency. Even more, European top-ranking politicians try to…