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It’s the Economy, Dummkopf!


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Another Vanity Fair essay by Michael Lewis on the European financial crisis, as seen through the lens of individual European countries. First he profiled Greece, then Ireland. This dispatch is from Germany and will no doubt be controversial in its portrayal.


Germans longed to be near the shit, but not in it. This, as it turns out, was an excellent description of their role in the current financial crisis.


Conceived as a tool for integrating Germany into Europe, and preventing Germans from dominating others, [currency union] has become the opposite. For better or for worse, the Germans now own Europe.


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