Those who have studied the eurozone and monetary unions in general have long been aware of the problem: combining completely different economies with extremely divergent productivity can only lead to centrifugal economic and social developments in the long term. The eurozone is no exception. Hundreds of data points could now be cited to prove that the eurozone is, in principle, functional.

Let's leave it at looking at real incomes based on the inflation rates published by the state, which in itself is an extreme manipulation of reality, and we quickly see that the introduction of the euro has meant that southern European countries in particular have not seen any further upward trend.

Of course, these countries are suffering from demographic problems and their own structural deficits, but the euro bureaucracy that has been imposed on them is making a fatal contribution to squeezing out the private sector and building up ever more bureaucracy, welfare state elements and regulation that stifles free competition. The euro project is entering a difficult phase.