Even a grease outside of the euro zone would have maybe faced an Argentinian style debt crisis at the beginning of the 2010s. There are these transnational class coalitions between respective national elites which have benefited immensely from the current architecture of theeuro zone. The german export capital recycles that surpluses to some mediterranean elites for example in greece which blanks the country to remain credit dependent and doesn't need any visions of sort of national economic development.
Featuring Anton Jäger and Dominik Leusder on Europe and the European Union from the crises of social democratic welfare states in the 1970s and 80s, the Maastricht Treaty of 1992, through the eurozone crisis, to the present moment of war in Ukraine, renewed NATO expansion, and a resurgent far right.
Listen to Anton and Dominik's Eurotrash podcast patreon.com/eurotrash
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