I think it is a mistake to regard the Eurozone crisis as a purely economic issue that can be rationally analysed in economic terms.
As well as a political project and an economic project "Europe" is also a PR project.
Therefore it makes sense to look at the Eurozone crisis from a PR perspective.
The people driving the PR project are the Germans. The primary force between the EU's ever-closer political and economic union is the unstated (but nevertheless frantic) desire by the Germans to create a benign identity for themselves. "We are not the monsters who walked the earth 1933 to 1945" is the message they want to project, and they will pay any price to keep the PR campaign going.
Therefore it is reasonable for the members of the Eurozone to ask the German taxpayers to pay for their PR campaign and their transformation from "bad Germans" to "good Europeans".
One can sympathise with the German predicament, but in PR terms I think the Eurozone is a good deal for them.
As well as a political project and an economic project "Europe" is also a PR project.
Therefore it makes sense to look at the Eurozone crisis from a PR perspective.
The people driving the PR project are the Germans. The primary force between the EU's ever-closer political and economic union is the unstated (but nevertheless frantic) desire by the Germans to create a benign identity for themselves. "We are not the monsters who walked the earth 1933 to 1945" is the message they want to project, and they will pay any price to keep the PR campaign going.
Therefore it is reasonable for the members of the Eurozone to ask the German taxpayers to pay for their PR campaign and their transformation from "bad Germans" to "good Europeans".
One can sympathise with the German predicament, but in PR terms I think the Eurozone is a good deal for them.
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