But when he says that, “The only continent with weaker economic growth than Europe is Antarctica,” he’s right.
Unfortunately, the Germans run the EU, and they are dead set on repeating the mistakes of the Reichsbank during the great depression, where mindless monetary tightening made the impact of the Depression unusually brutal, and led to the rise of the Nazis.
Now we have an EU dominated by the Germans and by their fetish for austerity continues, and the rise of the right wing throughout Europe.
If I were in Britain, I would vote to leave for two reasons:
- It would cripple the UK’s financial industry, which is a good thing.
- It would show the rest of the EU that there are alternatives to German hegemony.