This is an outstanding, must-read article from top Oxford economist, Simon-Wren Lewis (SRL). Check it out!
Wren-Lewis argues that the Eurozone is in major crisis because of ineffective monetary policy not because of Southern European economies, like Greece. SRL blames Germany, who is destabilizing Europe – either through naivety or deliberate greed on Germany’s part.
Whilst SWL blames Germany for causing the crisis, he equally rounds on Europe’s leaders for not standing up to Germany.