Those Damned Germans

Krugman:

What Anglo-Saxon economists need to understand is that the Germans and the ECB really, really don’t share our worldview; they really do believe that austerity is all you need. And all indications are that they will cling to that belief, even as the euro falls apart — an event they will insist was caused by the fecklessness of the debtors. Given a choice between saving Europe and remaining righteous, they’ll choose the latter.

The current German thought on the Euro is a parallel to what’s been said in this pamphlet: Those Damned Nazis.

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