Wed Jul 15th, 2015 at 03:29:40 AM EST
Wolfgang Schäuble, or Dr. Schäuble as many people have started to call him, is without a doubt a total dick. He has basically zero idea of macro economics. He professes to believe in rules, but only those that he likes. Without any doubt he is one of the key figures who is to blame for the current disastrous state of Eurozone politics and economics.
Yet... somehow in recent attacks on Dr. Schäuble I detected a somewhat contradictory set of arguments. Lets call it Euro Schizophrenia.
Basically it is my opinion that the Euro is beyond redemption. While I am not convinced that the Euro is fundamentally unworkable, at present the Eurozone in economically and politically at a stage were I see little.
From this I conclude that it is a good idea to leave the Euro. Now it seems that Schäuble wanted to convince Varoufakis and Tsipras to leave the Euro from the very start of the negotiations. Lets be clear here: This is one of the most reasonable things Schäuble has done recently.
Of course the 'temporary exit' thing was total bullshit, and the way it was leaked was unacceptable. Yet the general idea to help Greece leave the Euro is a good one.
Varoufakis and Tsipras should have taken the offer.