Yer kidding, right?
If not....Please explain. This ought to be good.
The explanation is obvious -- Greece or Spain can't print euros, just as a country that is on gold standard cannot print gold.
If those countries were borrowing in their currency, they would be able to do do at low rates, just as the US, or Japan, or any other developed country is.
They are borrowing EUROS...Jesus Christ!!!!
Essentially Germany IS the EU. Theirs is the strongest and the biggest donor economy in the EU. And they have just about had enough.
And?
Those countries use a currency they don't control. And just like a gold standard, when cash leaves the country, they experience a deflationary depression. Thats what's supposed to happen in a gold standard.