Sunday, 24 September 2017

Why no Petroeuro? or France’s historic effort for an anti-austerity Eurozone

The Vineyard of the Saker:

The bottom line is: For the EU to work – for it to be of benefit to the average person – it has to follow France’s historical plan.
That has always been the case, and it has also never been the case: the flaw in the plan remains selfish West Germany (now just Germany).
This seems like common knowledge in the Eurozone, and certainly in smaller Eurozone nations such as Greece. But according to former Greek Finance Minister Yanis Varoufakis: “…Paris bears greater responsibility than Berlin for the euro’s faults.”
To be honest, I don’t even have a dog in this bilateral fight, but this declaration doesn’t correspond with the facts. It doesn’t even correspond with the facts as presented by Varoufakis himself in his book, “And the Poor Must Suffer What They Must?
In a previous article I debunked his book as being riven with fake-leftism; I provided abundant proof that Varoufakis is as “Marxist” about as much as Marx was from Mars.

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