Saturday July 4, 2020

The eurozone crisis made simple

All the rules and regulations of past European summits turned out to mean nothing in the end, writes businessman Peter Casey, a panellist on RTE's Dragons' Den.

27th April, 2013
The euro will inexorably wind down within three or four years. Photo: Bloomberg

Question 1: how did we get into the mess we're in?

**Answer 1(a):** blame German bankers and politicians. It's easy to do. After all, while Edvard Munch's The Scream is an all-too-apt caricature of most of debt-ridden Europe these days, Da Vinci's slyly smiling Mona Lisa may be more appropriate for Germany.

No doubt that face took a sharp slap early in the global financial crisis, but German exports broke records in 2011 and, while eurozone...

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