Of course there is a germ of (misapplied) truth in some of this: "Creating money without creating value leads to a crash". All of the money created on top of counterfeit real estate 'value' was the basis for the crash in 2008. The problem is that they vastly minimize what constitutes 'value'. Providing income support and medical care to the unemployed in the periphery does not, in their view, constitute value. And the only 'value' the ECB and the Troika have been concerned with is trying to impose the costs of the resulting collapse on the victims not the perpetrators.

"It is not necessary to have hope in order to persevere."