The Euro Widens the Culture Gap

In his piece entitled “The Euro Widens the Culture Gap” from the New York Times, AICGS board member Josef Joffe explains how the Euro has made worse any cultural differences that existed between European countries pre-euro times. The PIIGS countries – Portugal, Ireland, Italy, Greece, and Spain – should never have been admitted to the Euro, argues Joffe. Now, the borrowing afforded to them by the Euro allowed them to continue their profligate ways, thus leading to the current crisis facing the euro-zone as a whole.

View Commentary

The views expressed are those of the author(s) alone. They do not necessarily reflect the views of the American Institute for Contemporary German Studies.

Josef Joffe

Die Zeit

Josef Joffe is the Editor of Die Zeit and previously served on AICGS' Board of Trustees.