Armstrong Economics Blog/Uncategorized
Re-Posted May 7, 2019 by Martin Armstrong
Macrone just signed a law where Italian will no longer be taught in France. The idea that Europe is one big happy family is so far from the reality that this is part of the backdrop behind the bearishness of the Euro. The old resentments remain. There has always been a strong resentment between the Italians and the French and this latest change by Macrone only fuels these old resentments that prevail within the Eurozone. What should have remained as a simple trade union has attempted to federalize Europe which is only increasing the tensions throughout the continent.