I'm no economist, but the part about how the Euro allowed the politicians to promise "fat pensions" and "full employement" to get elected sounds
if not an outright lie. Make it sound like "austerity" was spawned in the 00's. By 1998 employement and pensions were already under severe pressure and it was clear the constant growth that followed the war was a thing of the past for most of Western Europe countries.
The "cultural differences", oh lord.
"Ever since the hyper-inflation of WW1, Germany have been very financially responsible", except for that slight 10 years hiccup with a square mustache, eh ?
I am not one of those "the debt is a creation of the person who believes in the development and protection of a Jewish nation Wall Street fat cats !" type, but this is getting a bit ridiculous.