Exit Stage Left: GTFO of the Eurozone ASAP?

[metatron]

who has appeared on RT a few times.

Wait, what?

I meant that as a joke.
Are you telling me that he actually did?

 

[Terxpahseyton]

No, the idea was never that. The very rules of the European Union prevented that capital from being used productively. Governments were prevented from intervening in the economy through direct investment, lest they mess with "competition".

Well I don't think the idea was that the state uses the Euro get money and support the economy. But that the economy itself does it.
Which is kinda hilarious if at the same time the very same currency giving incentive for a flow of capital into your economy also gives your economy every incentive to have a trade deficit. Because the currency is a product of the whole of the Euro area and hence will be too strong for weaker areas and too weak for stronger areas. Which btw. is also the reason how the Euro is not just related to German exports to other Euro nations but to German exports in general.

It is it just me or was the whole issue of currency values and its meaning kinda totally ignored when creating the Euro?
And now that is became obvious the answer is "Yeah southern countries okay your economies get sucked dry by a currency too strong for you - but let's just prevent you from compensating by indebting yourself and we call it a day."
The solution to the Euro crisis isn't fiscal mandates. That is just a try to cope with the present pressure of the financial world. An actual common market like in Germany or the USA or in France could be a start. But that is not going to happen. European markets will stay very divided for the foreseeable future for simple cultural reasons. But still forcing the same currency on so different economies is just pure madness.
We need two different Euros or something or no Euro.
My 2 cents

In a nutshell - any actual solution requires bravery and a willingness for short-term risk and suffering for long-term chance and recovery. Oh an it requires to put the current German economic model to the test (which was pretty much saved by the Euro + real wage stagnation). But Merkel is absolutely unwilling to do either. She is a conservative in the quint-essential way. Try to change as least as possible.I have some symphathies for not wanting to challenge the German model. Because economies are a tricky thing and if something kinda works it is not that unwise to be risk-averse. But it sucks for Europe.

 

[SS-18 ICBM]

I don't know why you keep talking about Munchau. Maybe your reading is as scatterbrained as your posting?

It's probably the sentence in the article that says Varoufakis and Münchau are in agreement.