A structured abolishment of the euro

 Abstract

In this paper, we support that, mainly Greece and to a lesser degree, the European south is the victim of the overvalued euro and of the strict austerity policies imposed under Berlin guidelines. Most of the faster-growing countries support their exports with controlled currency devaluations, as a basic

The modern Greek tragedy, the Grexit, the euro crisis and the currency wars

Greece and to a lesser degree, the European south are the victims of the overvalued euro and of the strict austerity policies imposed under Berlin guidelines. Most of the faster-growing countries support their exports with controlled currency devaluations, as a basic instrument of their independent monetary policy. They follow the Chinese example of implementing proper soft monetary policies, in the light of the present currency wars, mainly between the dollar, the euro, and the yen. Greece has surrendered this basic weapon of currency sovereignty to Berlin, whose main concern is the strengthening of the euro, in an effort to verify the  German economic and political supremacy. Yet even for the E.U. as a unique entity, this policy appears to be wrong and the virus of stagnation from the south is gradually invading the north. The overvalued euro, the austerity policies of the