Saturday 27 May 2017

Making hope and history rhyme

•German hubris caused three cataclysmic wars in the last 150 years. German under-confidence could cause a fourth.

The euro must survive and thrive for the benefit of everybody in Europe but most particularly for those at the centre -- the German people.

The German hatred of inflation is justified. Mark Twain memorably mentioned that while history does not repeat itself, it does rhyme. Germany retains a fear of inflationary-inspired instability.

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