Not sure I understand why everyone is dumping on the Germans right now. They seem to be the only ones that have their shit together. During the whole Greece fiasco, I was surprised that there wasn’t more discussion of how the Greeks had cooked their books to join the union. When this story broke several years ago, not much was said or done about it, everyone shorta shrugged and apparently assumed nothing would come of it.
If things seem exciting now, wait till Italy and Spain default. I don’t see how the monetary union will survive, unless the only members are countries with better fiscal policy, and that seems to be a north-south divide.
