that drives someone to words like the ones we read in the Times “Expel Germany, not Greece, to save the euro“? What drives an intelligent economist to use a sophism which rather reminds us on a demolition ball used against the European House?
Is it just the fear or German Angst of the British Intelligentsia Germany could be to powerful too demanding against Britain? Or is it just playing with fire. Describing Germany as the culprit in Europe and watch how it all comes down to the reduced question: Who is responsible for the downfall of the Euro or even the Euro Zone? Is it the deep desire to rule Europe again under English power. Mr. Kaletzky obviously seems to dream the dream of Rule Britannia again. He forgot the fact (it looks like he did it on purpose) that it was an English financial product which started the crisis in 2008. The result of that crisis hasn’t got arrived in Britain yet. Selling houses to people who couldn’t afford the prices and backing the lack of security with high risk papers was a new and very attractive idea. But it was always nothing more, only an idea. But investors got hooked and they bought this English Product. We just have to wait till the aftermath of this (to put it politely) crime reaches the Joe Average here in good old England.