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Lament for the Bundesbank

http://www.bloomberg.com/apps/news?pid=20601109&sid=aNGzMecnv4o0


Looks like the Germans are being overwhelmed by the sheer quantity of joke countries that have benefited from the low inflation legacy of the Bundesbank being transfered to the ECB but are now willing to abuse it to create unsustainable economic bubbles and inflation which they misread as growth. After the Swiss Franc and the Yen I view the Euro as the best currency to have if you must/want to hold cash, but at this rate it'll probably join the Pound and Dollar in long term unreasonably large depreciation. The EU - or at least Germany, deserves better than this.

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