Saving a Failed System – by Stephen Lendman
Combining 17 dissimilar countries under one monetary/fiscal system assured disaster waiting to happen. One size fits all rules don’t work. Euro expert Bernard Connolly knew it before the euro’s 1998 introduction.
Saying so cost him his job as EU monetary affairs department head. He called the euro system a harebrained idea doomed to fail. He was years ahead of his time.
Since 2008, one crisis conditions deepened. Stopgap solutions buy time but nothing else. Massive money printing keeps wobbly Europe afloat but for how long. Bailouts, rescue plans, debt monetization, and other forms of
Article source: http://mostlywater.org/saving_failed_system