Krugman: 'We're Rapidly Approaching A Moment Of Truth' - NYT

[nichomachus]

18. The euro was created precisely to bring about the mess we're seeing in Greece, Spain, etc.

The One Percenters thought that the working class was doing too well and the One Percent wasn't able to steal enough money.

With the Euro, it took monetary policy out of the hands of national politicians and made them have to grovel before Germany to get any relief.

The goal of the creators of the Euro was the same as that of the Koch Brothers and the neoliberals of both parties in the US.

--Drive down wages
--Create enormous debt
--Defund public education
--Sell off the public infrastructure
--Reduce taxes on corporations and the wealthy
--Destroy or neuter the unions
--Dismantle social programs

The last chapter in their playbook is "How to Deal with the Civil Unrest that Will Follow."

The only hope for suffering countries is to bolt from the EU and go back to their own currencies.