The Euro is a failure

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Eurozone sign

The conclusion of the election in Cyprus has heralded talk of another Eurozone bailout.

They just don’t get it. No matter how much money you throw at the Euro, it will still keep the Eurozone and the EU in economic malaise. It has destroyed a generation of young Europeans and the political class barely bat an eyelid.

The forced unity of completely different economies, with different levels of public spending and different methods of collecting (or not) tax receipts was always going to lead to disaster.

Despite the austerity and the money thrown at Southern Europe, youth unemployment in Greece has reached 62%. The political fallout has led to the rise of dangerous extremists as desperation increases.

The Euro is a failure. Yet school children are sent books telling them the Euro has led to stable economies. You couldn’t make it up.

Image: Flickr

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