The Eurozone has likely entered its final calendar year, contraction coming

The Vineyard of the Saker:

The historical trend of the euro and its previous incarnations has followed this historical pattern, when we take a leftist view:

The Eurozone is dominated by France and Germany; France wants an end to austerity and to promote growth policies bloc-wide; Germany wants more austerity to maintain its dominant financial position; Germany, Washington’s Frankenstein Monster – whose violence stems not from parental and societal rejection but unfeeling hypocrisy – wins.

And Germany wants a smaller Eurozone, so…why doubt that a contraction is on the way?

Cont....