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As Sergio Camara, Marxist economist at the Metropolitan University of Mexico (UAM), said in his commentary on my presentation at the UNAM session, we must distinguish between the underlying trends in capitalism globally and specific features for Europe. Many Keynesians blame the euro for the euro crisis, but the crisis of the currency was really a crisis of capitalism in general. The global crisis of capitalism took a particular form in the Eurozone because of the currency union. The debts being built up by the south with the north were exposed in the crash and sparked the ‘euro crisis’, but only after the global financial crash.
full: https://thenextrecession.wordpress.com/2018/03/08/unam-2-europes-single-currency/
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