To offer a third perspective, the Mediterranean countries have an intrinsically different approach to life than their northern neighbours. Trying to harness Germany and Greece together under a single monetary unit was always a bonkers idea - if you harness a racehorse and a plowhorse together, neither will be able to achieve its goal.
The mistake of the German financiers was to put the ideal of a united Europe over practical considerations.
rose_reader t1_j1yujen wrote
Reply to comment by Bomboclaat_Babylon in ELI5: Why can’t we have a universal currency? by Walmartpancake
To offer a third perspective, the Mediterranean countries have an intrinsically different approach to life than their northern neighbours. Trying to harness Germany and Greece together under a single monetary unit was always a bonkers idea - if you harness a racehorse and a plowhorse together, neither will be able to achieve its goal.
The mistake of the German financiers was to put the ideal of a united Europe over practical considerations.