[anonymars]

Also that the euro is a straitjacket: tying together monetary policy in the absence of shared responsibility is a bad thing. Germany didn't want to bail out profligate Greece, Portugal, etc. Meanwhile it had benefited from the euro being weaker than it would have been without them (making German exports more attractive). In fact, shades of today (with respect to the tariff circus): Germany said, basically, "well everyone should be responsible enough to have a trade surplus", which is of course mathematically impossible because, and this is another one that stuck with me, my spending is your income and your spending is my income.

Incidentally this is why businessmen's experience is of little value to being president. Laying off a division doesn't solve anything in macroeconomic-land.