Subnostr

#Europe’s economic house of cards is collapsing. 🇩🇪🇫🇷 Political and financial chaos in #France and #Germany—the EU’s strongest economies—has driven the euro to its lowest level in two years: $1.033 to 1€.

🔘 #France’s 10-year bond rates are now higher than #Greece’s—a historic humiliation.

🔘 Investors see Paris as riskier than Athens, and the spread between French and #Germany’s borrowing costs has hit eurozone-crisis levels.

This isn’t a fluke. It’s the result of central planning, endless debt, and fragile unity. The euro’s foundations are cracking under the weight of bad policy and bloated bureaucracy.

When trust in fiat dies…

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Discussion

dshf 1y ago

EURO was doomed to fail since its birth. Monetary union without fiscal union cannot work. There will always be instability which requires constant ECB interventions on bonds markets.

Germany was pushing for common Euro currency to gain advantage over other members which had weaker currencies what was making them competitive on markets. It worked for a while. Germany enriched themselves over other countries like Italy but then the house of cards begun to fall. So countries with tighter fiscal discipline like Ze Germans had to start to pay for Greeks and rest of southern Europe. As difficult times come it will become standard.

This is the fair game as presented by Eurozone: one day you steal from others and the other day they exploit you.

Go to hell!

Sooly⚡️سولي 🇱🇧🇧🇪🇦🇪🇦🇴 1y ago

Absolutely! The euro was doomed from the start. Exactly monetary union without fiscal unity was never sustainable.

Germany used the euro to dominate trade by weakening competitors like Italy, enriching itself at their expense. Now, the tables have turned: Germans are subsidizing Greece and southern Europe through endless ECB bailouts.

The eurozone isn’t unity—it’s a parasite bacteria ecosystem feeding on each other because it’s the dying continent. I dunno if some european countries will wake up as they all have a snoozing psychological problem. As crises deepen, the cycle of stealing and being stolen from will collapse what’s left. But hey maybe moving to the digital euro and accelerating money printing will solve their problems 🤡 or maybe to defend NATO the US will run for their assistance like they did with Ukraine.

They colonised and stole the world. Let the house of cards fall. Hopefully sovereign European entrepreneurs with decency and values will build it well one day.