No Contest

Okay, let’s do a little poll. Consider this description of a statement by European Central Bank head Mario Draghi, quoted by Ferdinando Giugliano at Bloomberg:

The ECB chief sounded particularly exasperated by politicians’ foot-dragging over the creation of a common budget for euro members, which would help them stabilize weaker economies if they faced a shock. Euro zone finance ministers announced the first steps toward such a fund last week. Draghi is justifiably unimpressed.

Which of the following is the best explanation for the problems of Europe’s economy?

  1. German policy
  2. “politicians”
  3. The European Central Bank
  4. It’s the Americans’ fault
  5. Other

I think it’s A. No contest.

4 comments… add one
  • Andy Link

    It’s like they’re trying to create a United States of Europe via incrementalism but without the federalism.

  • TarsTarkas Link

    It’s gotta be E. Trump’s fault. Because everything was going so swimmingly until the Russians stole the election for him/sarc

  • Well, that is the argument for D.

  • Guarneri Link

    Its all Trump’s fault………… Oh, wait, I just came from OTB. Need to regain my senses.

    The Germans are the Big Gorilla. Of course its them. Period. Full stop.

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