The Euro Debt Crisis - Explained
It’s one of those moments in my life when people around me ask the same question over and over again. This time, it’s, “What’s wrong with the euro?” Since there are only so many hours I can spend explaining my version of the story, here is an article about it, and I hope this will answer some questions.
What Was Before the Euro?
I grew up in Europe, a child of a mixed marriage between an Italian and a German. They were not just citizens of their respective countries: my father and mother came from families that were deeply embedded in their cultures. When my parents fell in love, there was strong resistance to the marriage outside the culture. I can imagine the surprise that everyone felt when the marriage actually worked perfectly well for over twenty-five years, until my mother passed away.
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