Emmanuel Macron and the German disease

BY HARALD SCHUMANN The euro is unstable because wages and inflation rates are developing unequally, a new study by the think tank Bruegel shows. And the  Germans are to blame. If the euro zone disintegrates, it will happen because of German economic nationalism. The speech was good for the history books. There is no way the European currency union could possibly continue in its present form, explained the speaker at Berlin’s Humboldt University in January. The fault lines in its construction “benefited only Germany”. That is why “(a continuation of) the status quo will mean an end to the euro within [...]