Awful. Stupid right wing policies cause the problem, so let's double down, they say, let's get rid of any democracy to lock them in permanently. The monetary system is extremely right wing, let's have an enforced extremely right wing fiscal system too under central undemocratic control. Paying sky-high interest rates is a far more expensive proposition than are social programmes but such is said to be necessary to bring "discipline" to these countries, a choice that was made for that purpose by refusing to have a lender of last resort that, by ensuring that bondholders are always paid, eliminate the risks that lead to these escalating interest rates. Japan has 250% debt to GDP and their ten year bonds go for 1% and their problems are with deflation, not inflation. Such a scenario is said to be impossible according to the dogmatists at the EU; such debt would End Market Confidence and set forth the Bond Vigilantes, and the fact that half of the debt is held by the Bank of Japan MUST lead to 1923-Germany style hyperinflation. Instead there's deflation. Well, EU dogmatists?! Well?!!!!!

The only thing I can figure is that they're advocating "central control" of Eurozone countries. Nothing short of that is going to be effective. We'll just rename it Frermitalspaigreland......to start.