James Galbraith, economist and Lloyd M. Bentsen Jr. Chair in Government/Business Relations at the University of Texas, says Germany has played “a game of extreme brinkmanship that pushed the euro zone to the edge of panic.”
Germany needs to take responsibility for destabilizing the EU, according to Galbraith, who contends the US used to be flawed liked the EU until the New Deal, leading to government investment in the American South on a massive scale, which brought the south up to standard.
Galbraith contends the EU will have to bail out all of Europe, “until they address the constitutional problem.”
