Is the euro in crisis?
Image: dpa
The euro is at a crossroads. Should it fall below $ 1.15, there is potential for it to depreciate further. Only the gods know where the lower limit would be.
E.uropan is rich, and by all relevant standards very rich. For many, our continent is the destination of their longings and dreams, the peaceful place where milk and honey flow freely, the place where one would like to live. Only in a few moments in world history did so many people feel so extraordinarily good for so long. But first of all, we don’t necessarily all want to admit it all the time, and secondly, we are working really hard to change this situation in the long term. Europe has become comfortable.
We argue like tinkers about anything and everything, avoid urgently needed structural reforms as much as we can, pour freshly printed money on every problem, expect that internal and external security in cyberspace will somehow, best of all, come about on its own do almost everything beyond that to be perceived as an “old continent”.
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