Posted May 10, 2013 by Martin Armstrong
Germany and its austerity policies that have been forced upon the rest of Europe with no sense of how to create economic growth for the future, is now experiencing a interesting side-effect of the Euro. They did create freedom of movement and the right to social benefits throughout Europe as a EU citizens. They did everything but consolidate the debts – just absolutely stupid. The number of people fleeing Spain with its high unemployment and no hope for the future headed to Germany is interesting. The Spanish migration to Germany has increased 45% year-over-year. This is how Europe is being torn apart by politicians who have their heads in the sand and are absolutely clueless regarding the consequences of their braindead ideas of how the economy functions.