The Essence of the Crisis
The euro, which once stood as the dream of a united Europe - a dream shared by generations of intellectuals from the Old Continent - is fading away. Day by day, it disintegrates just a little bit more. The dream is being lost in the poverty and misery that millions of people are experiencing because of the euro, especially now around Christmastime.
Because of this, an unprecedented clash between the EU nations has arisen, the likes of which has not been seen since the days of WWII. And if you look carefully, you can spot the same divisions that existed back then…
This crisis reminds us about the history of the German state and its attempts to dominate Europe. And these memories are horrifying!
In retrospect, it turned out that the economic measures used to tackle the crisis in the euro zone were wrong.
Not because various countries like Greece could continue to pile up deficits and foreign debts, as was their habit.
Not because – and this is the key, as I have stressed on many occasions – the gap in productivity between the Germans and the people of southern Europe can keep widening.
It is because austerity, unemployment, the shrinking of the Gross National Product, the drop in the people’s standard of living without at least a partial recovery through growth in some sectors, leads to poverty which will unavoidably lead people to question the political system.
Anyone who says that this is not happening in the year 2011 needs only to examine how their own positions have shifted over the years and they will understand. Therefore, the victim in this issue could end up being something far greater than the fate of the euro: it might be Democracy, or even peace.