Euro Area

[gaelic cowboy]

I'd say the blame squarely lies with those people who continuously block political integration in the EU, which allowed for these huge differences in monetary policy and culture in the first place.

The blame lies with the original EU politicains back in the 90s thinking you could integrate the money but not the costs, integrate the booms but not the busts, integrate the economy but not banking.

in short they took a political decision without any thought to it's consequences, costs or the requirments to make it REALLY work.

For it to really work you do indeed have to pay for it and that means everyone in the Eurozone pays for a bust bank anywhere that is under it's jurisdiction. Or more simply the ECB just prints till there fixed just like our central banks did before we stupidly half integrated our money.

Were waving voodoo dolls of inflation and we wonder why people are voting for extremes