
Bastille Day Special: What makes France tick?
The David McWilliams Podcast
00:00
The History of the Euro and the European Central Bank
The Euro idea came from the fact that when the Berlin Wall collapsed, the Germans decided we're going to go for unification. The French are much more crafty and they said to the Germans, look, you can have the unification, but we want your currency. And has there ever been a German boss of the ECB? No. Have there been two French bosses in the last 10 years? Really? Yes. So the French have done is they've managed to... Infiltrate European monetary system with their own people and elbow out to the Germans. It's curious. There's a lot of Germans kind of upset about the status quo, because they realize they're paying the bill, but
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