Spiegel Revisionism 101: "It Will Be Germany's Fault If Euro Fails"

by Tyler Durden -  Zero Hedge

Up until this point, Spiegel has been relatively objective in its coverage of the Eurozone implosion (unlike Handelsblatt, which we still await to apologize for losing all of its readers millions if not billions for urging them to invest in Greek bonds because it is their patriotic duty). That is until today. In an opinion piece, Henrik Muller writes that “if the Euro fails, Germany will be responsible” lamenting that it “may seem absurd that Berlin is perceived abroad as ‘euro Nazis’ rather than as a benevolent leader. But should the common currency fail, Berlin will be to blame.”

The alternative, just inject billions more in taxpayer funds (and preferably common European taxpayers, which is why urges for a joint European Treasury are so loud) to preserve an artificial status quo which benefits Germany, whose standalone currency should be about 60% higher, while robbing the European periphery blind while it is still enmeshed in a mandatory monetary regime which only benefits Germany. The cry for continued kleptocratic cryptofascism that benefits only the very top is summarized by the following sentence: “The common fate of the Europeans is no longer the top priority. Instead we are juggling national interests.” Muller’s conclusion: “If the euro-zone breaks apart, it is Germany that will be blamed — because it was the country that could have saved the euro but didn’t do so out of short-sighted self-interest. The damage, should it come to that, will be much more than monetary.” Well, that, and because it was the only country that benefited from the euro for the past decade in yet another attempt to redistribute wealth at the sovereign level. Yes, it has a strong economy, and that’s great, but the premise of modern monetary economics is one that allows for natural cycles to offset strengths and weaknesses as defined all the way back by Ricardo. Germany should not be blamed for the inevitable dissolution of the euro but for forcing all of its far dumber peers to participate in this money moving scheme, covered in the guise of a cultural integration experiment, in the first place.

And lastly, the people’s realization that they have been deceived for years, and subsequent retaliation against an autocratic monetary regime, is not something that will be blamed on any country or entity. It will be something that will be cherished, and if Germany is seen as the reason for the collapse of the Euro, it will be branded a savior, not a villain…. at least by the non-banking population of Europe.

Full article at:    Zero Hedge

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