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DER SPIEGEL: The Euro is Dead – Obituary

Der Euro is dead – Let’s bury it! German weekly magazine DER SPIEGEL dedicates the front page of its Monday edition with a sophisticated funeral arrangement.  The coffin is covered with the Greek flag, the picture of the deceased shows the relatives’ deep mourning through a black ribbon. The Title reads: “Sudden and Expected -Obituary for a common currency”

The SPIEGEL claims that the Eurozone developed to the biggest danger for the future of Europe.” It  notes that ” the Euro chains together national economies that do not fit together. However the politicians bet on more new programmes. This is the wrong way.”

Furthermore, DER SPIEGEL believes that ” Europe is threatened  economically and technically and as historical experiment, it has already gone bankrupt. It concludes that “the citizens, especially the young ones, do not know what to do with the EU” that they are unhinge with what the governments do with their money and that millions of them take out to the streets”.



I fully agree with DER SPIEGEL that the Euro destroyed the European Union. However I would strongly disagree with the photo arrangement. The coffin should be covered with the German flag, as it is the German exports that profited from the common currency, after all. And the German banks that profit form the loans interest rates. Isn’t it so?

Furthermore, I would still question the German motives for abandoning the German-French idea of a “two-speed Euro-Train”. Thats was back in the beginning of the 1990’s but we haven’t forgotten it yet. Maybe, DER SPIEGEL does indeed write about Germany’s political responsibilities on the issue. Unfortunately I just got this short news excerpt.

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11 comments

  1. No, I think you’re wrong. It’s very appropriate that the Greek flag is on the coffin of the Euro. The world’s oldest democracy has finaly taught the EU what democracy really is – the will of the people. The Euro doesn’t benefit the majority of the people in Europe and certainly not those in the “poorer” Mediterranean countries. I really do hope the Euro is dead and, if it is, Greece should be proud of her role in killing it. God bless democracy……

  2. POOR AGGIE MERCKLE WILL BE LOOKING FOR A JOB SOON WITH HER WEE FRENCH BUDDY SARSKY THE TWO OF THEM COULD APPLY AS NIGEL FARAGES OFFICE CLEANERS? NOW THE EURO IS DEAD MEAT ? WHATS GOING TO HAPPEN NOW , MAYBE OUR BRITISH STERLING WILL BECOME WORLD CURRENCY ? AS BRUSSELS BECOMES HISTORY? GOD SPEED

  3. Der Spiegel Claims Merkel-Sarkozy Agreement Has Collapsed; Bloomberg Reports Europe May Withhold Half of Greek Payment

    http://globaleconomicanalysis.blogspot.com/2011/06/der-spiegel-claims-merkel-sarkozy.html

  4. The flag is alright. The victim’s nationality obviously is Greek.

  5. As a Greek I say that the Euro has nothing to do with the current situation in Greece. A report published by the European Commission on Tuesday (12 January 2010) has condemned Greece for falsifying its data on public finances. EU government officials are to blame for not checking and inspecting Greek public finances before accepting Greece in the Euro zone. In a damning paragraph, the commission says: “poor co-operation and lack of clear responsibilities between several Greek institutions and services  …ambiguous empowerment of officials, absence of written instruction and documentation, which leave the quality of fiscal statistics subject to political pressures and electoral cycles”. EU officials knew about the situation in Greece beforehand. EU government officials have no understanding to the current situation in Greece and what should be done to avert economic crisis. Landing to Greece doesn’t help the country and the current situation in any way other then increasing debts, austerity measures and taxes in a country with NO infrastructure, NO foreign investment, NO clear agenda to utilize Greek’s natural wealth. The lack of professional with clear vision and the will of landing a hand to create new Greece left the country seeking a future in other countries where they can materialize their dreams as there are NO dreams can be materialized in Greece anymore. Greece has long gone when Pasok took power and New Democracy buried whats left of it. Corruptionocracy in Greece is well rooted and nothing will change this unless the justice system is changed and with it the main frame of the Greek Constitution and the Greek mentality. Patriotism doesn’t exist in politicians mind and heart. Corruption is their main interest within the corridors of the politician’s offices and the main parties and their scumbag supporters. EU and IMF have to press hard for drastic changes in the system. Greece must implement these changes for the benefit of the country and the Greek people. If no serious changes take place, dooms day is on the way. Either Now or Never.

  6. keeptalkinggreece

    lol – feeling already better! But what’s the interest of UK to epxress opinion about the Euro-partners?

  7. The whole European Union is a project that finally began to crumble and from all their stitches.It can be seen from an airplane, that the greed of big capital and the bankers finally managed to destroy themselves, and that’s it certainly helped by lazy nations like Greece, Portugal and others,who wants to live luxuriously while others work for them.You see,the project global village and multiculturalism have no future, that is wrong project.p.s.Just as an example, each year the Greek national railway company realized its loss of 120 million euros, the simple train ticket collectors has unreal salary,but hey,there are stupid germans who work for us,why worry?