@asteris the current situation is the result of shortsighted German (+north European) thinking. Srsly, was obvious in mid 90's already - 1/3
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@JayStephens it wasn't just shortsighted; more like a combination of shortsightedness, ordoliberal ideology & greed -
@asteris True. I suspect they were hoping for long term consumers tho, rather than austerity'd-to-penury EU-refuseniks. Interesting times.
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@asteris low inflation, hard money environment, and keeping buying Bosch/Siemens/Volvo...money moved North,blame moved South...for now. 3/3Thanks. Twitter will use this to make your timeline better. UndoUndo
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@asteris Northern Europe continued business as usual, Southern European industry was expected to adapt overnight to tight money supply, 2/3Thanks. Twitter will use this to make your timeline better. UndoUndo
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