Oh, for Pete's sake. Trade -- even with China -- doesn't cause these problems. Government over-spending, regulation, and taxation cause these problems. But you always want to blame the individual, the citizen looking to get more for his buck Euro.
Pritchard thinks the answer is for each country to print its own currency into orbit. That, of course, gives the illusion temporarily of a growing economy. At the same time, it robs people of their savings and causes businesses to invest in projects that only look profitable because the central bank is price-controlling interest rates.
It inevitably leads to a recession.
I'm not much on the EU. But the Euro could have been a big success if all the countries that signed up for it had been fiscally responsible [i.e., done what they said they'd do].
The only response you’ll get from DT is “tarrifs”!