Dangerous Times: Milton Friedman just won his euro bet

[Geee]

American Thinker:

Even as President Obama is following in Eurosocialist footsteps, the 14-year utopian experiment on a single currency is collapsing. The architect of the euro just ran up the white flag on the biggest policy mistakes in history. Former German Finance Minister Oskar Lafontaine called his own brainchild a "catastrophe".

"The economic situation is worsening from month to month," he wrote on his Left party blog. "unemployment has reached a level that puts democratic structures ever more in doubt."

"Catastrophe" is the right word.

Today Greece is suffering more than 50% unemployment. That's worse than the Great Depression in the US. This winter in Athens, people cut down the trees in the city parks for firewood. They couldn't afford to buy heating fuel. The resulting wood smoke created the worst smog in decades, obscuring even the Parthenon. About half of the younger people are leaving the country.