The Sarrazin factor

Tuesday, 22 May, 2012

To the horror of the German elites, the book that’s topping the Amazon (Germany) bestseller list is “Europa braucht den Euro nicht: Wie uns politisches Wunschdenken in die Krise geführt hat” (Europe does not need the euro: How political wishful thinking has led us into crisis) by the former Bundesbank board member Thilo Sarrazin. The fact that the topic is now on the front page of Bild, the country’s most popular paper, shows how emotional the debate around the common currency has become. The notion that German taxpayers will fund bankrupt euro members in perpetuity was deeply unpopular before Sarrazin’s book was published; now, it’s untenable.


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