BBC News - Did Germany sow the seeds of the eurozone debt crisis?
This Radio 4 three part series looks useful. It looks back at the misgivings overlooked when the euro was designed, and at the blind eye turned when Germany and France smashed the budget rules that were sold as essential and effective safeguards.
At a time when we are tempted to accept the advice of Germany and France once more, in despair at our own leadership failures, this is worth remembering.
German Finance Minister Schaeuble is admirably candid on a key point that we seem to miss here - how Germany deals with other countries will be designed to best advance German interests.
Nothing controversial in that, but it does raise the question for us as we consider the latest treaty medicine prescribed for us - why should we continue down a path where our country's decisions must comply with rules intended to advance the interests of another country?
Especially as we already know that those very rules have been broken by those who now again insist we subscribe to them?
This is not easy. The stakes are very high. We cannot afford any more mistakes and that means figuring out how to make better decisions fast. I think there are some valuable insights in Garrett O'Connor's work on how we approach challenges and how we relate to authority here.
<Mod> This thread has been merged with "Germany and France sowed the seeds of the Euro crisis". </Mod>



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