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Eurocrisis Thoughts After a Week in Berlin and Paris


Studying European's complicated cultural history is a better path to understanding the eurocrisis than studying sovereign spreads and financial ties.

MINYANVILLE ORIGINAL For too long many US-based financial market commentators have been looking at the eurozone crisis through pictures like this (an old chart of the Italian-Germany 3-year government bond yield spread)... opposed to pictures like this (of Brandenburg Gate in Berlin).

I'm an American, and have now spent a little under a month in continental Europe over the past few years, so this is just my outsider's take on their economy, but my biggest takeaway for Americans is that we have to stop looking at their crisis through the perspective of bond yields and our own cultural lens, which is easier said than done.
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