Euro is like Obamacare, interesting concept that can’t work because of people

Obamacare will not work.

Just like the Euro did not work.

Because of people.

Via The Telegraph, German euro founder calls for ‘catastrophic’ currency to be broken up:

Mr Lafontaine said he backed EMU but no longer believes it is sustainable. “Hopes that the creation of the euro would force rational economic behaviour on all sides were in vain,” he said, adding that the policy of forcing Spain, Portugal, and Greece to carry out internal devaluations was a “catastrophe”.Mr Lafontaine was labelled “Europe’s Most Dangerous Man” by The Sun after he called for a “united Europe” and the “end of the nation state” in 1998. The euro was launched on January 1 1999, with bank notes following three years later. He later left the Social Democrats to found the Left Party.

CLICK HERE FOR FULL VERSION OF THIS STORY