5min chapter

Spaßbremse cover image

35 - Zeitenwende? (German foreign policy w/ Wolfgang Streeck)

Spaßbremse

CHAPTER

The History of the Euro

After 20 years of the euro, it is very hard to get out of the euro. They have painted themselves into this corner. If they devalue, if they return to some sort of Lira construction and devalue it, they won't be able to do it. So one of the things that I think we should all learn from what we've observed in the last five years is that historical mistakes cannot easily be undone. And there are problems that have no obvious solution.

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