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John Rubino's Substack
The Euro is Doomed if Germany Fails

The Euro is Doomed if Germany Fails

Actually, WHEN it fails...

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John Rubino
Dec 22, 2024
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John Rubino's Substack
John Rubino's Substack
The Euro is Doomed if Germany Fails
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Since the creation of Europe’s common currency in 1999, Germany has been the key to the whole project. The European Central Bank stood ready to buy up all the (for instance) Italian debt that the markets couldn’t or wouldn’t absorb, and Germany stood ready to back the ECB with its industrial might and financial wealth. So in effect, Italian (and Greek, …

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