‘System Defective By Design’: Exactly what several German economics Prof.’s said in 1996. They predicted, that if there will be a currency union first (which is liken unto putting the cart before the horse), instead of a economy union, then the new currency will fail. They even predicted the failure of the euro at around 2008-2010.
YouTube Added: 25.07.2011
While the EU struggles to keep the euro afloat with bailouts for Portugal and Greece, and Spain looks to be next in line for a rescue package, financial journalist Johan Van Overtveldt believes the limit of what the EU can do for the euro is close. Johan Van Overtveldt believes that the EU will keep throwing cash into the failing economies until the Germany reaches its limits.