The death of the euro and of the Europe of Germany

The OECD predicts that Greece will lose 35% of its GDP as a result of the pandemic, especially because of the collapse of tourism.This is so because about 70-80% of tourism revenue and its multiplier activities, which totaled around 25-30% of Greek GDP, will be lost. In just one year, we will lose a similar or an even higher amount of GDP than lost during the last 10

years of the crisis between 2009-2019.”

Eurobonds, are in fact “debts” which will burden all eurozone member countries, no matter who pays them. Eurobonds are debt-laden loans, reducing liquidity, shrinking already constrained demand and excess-bating the economic downturn and crisis. Yet, as the last European Council summit demonstrated, not even that questionable the outcome is accepted by Germany, which actually rules.

The so-called European Union and, above all, the eurozone, contrasts the EU policy to that of the United States, where more than $2,5 trillion worth of liquidity has been injected into the US economy boosting demand. This is a realistic policy in all times of crisis, and especially after wars and similar situations like today. In the same direction, follows Canada, Great Britain and other "normal" countries possessing their own currency.

The US and other ‘normal’ countries are printing money to boost demand, while Germany even refuses to channel limited liquidity through Eurobonds so as to put a stronger chain in member states with more heavy loans. Germany uses coronavirus as an ally to totally Germanize Europe. But there is another much better possibility. The death of the euro and of the Europe of Germany