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Germany Is The Rotten Heart Of Europe

• https://www.zerohedge.com by Tom Luango

But the pyre is built, the torches lit and all that remains is dragging Chancellor Angela Merkel up and setting the whole thing on fire.

For those that want to understand the fundamental impulses which have led the European Union to where it is today and Germany's central role one really needs to read Bernard Connolly's "The Rotten Heart of Europe."

It's a book that damns pretty much everyone in their monomaniacal drive for the European Project but, Germany, in particular, to me, comes across the worst.

Because the design of the euro, as a currency, was guided by German industrialists looking for the advantage a single currency would bring them.

This is a point I've made many times that the single exchange rate underprices the value of Northern European industrial entities while overpricing Southern Europe's productive capacity.


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