tag:blogger.com,1999:blog-4057487038565855826.post4831949179132324688..comments2024-02-21T08:52:55.878+00:00Comments on Your Freedom and Ours: Stupid, tedious and counterproductiveHelenhttp://www.blogger.com/profile/13799545178433498944noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4057487038565855826.post-47261054561818160592012-02-19T22:58:13.294+00:002012-02-19T22:58:13.294+00:00Germany is not as innocent as you imply. The euro ...Germany is not as innocent as you imply. The euro was designed to German requirements some of which were subsequently ignored when it suited Germany. The ECB set interest rates to suit the German business cycle. The one-size-fits-all policies skewed to Germany at precisely the wrong time for the southern European economies.<br /><br />It is true that some Greeks are more idle than most Germans. But Germany was more responsible for the creation of the euro in the first place; and for letting Greece in with fiddled figures.<br /><br />Germany is benefiting from a low value euro (which is at the same time too high for the Greek economy) and the Germans confuse this unwitting mercantilism with virtue.Budgienoreply@blogger.com