Berlusconi calls euro a con, rate set was wrong

German anti-inflation mentality dates back to Weimar, ex-PM says

Berlusconi calls euro a con, rate set was wrong

(ANSA) – Rome, September 27 – Former Italian Prime Minister Silvio Berlusconi called the single currency a "con", adding it was wrong to have fixed it at the exchange that had been chosen. "Making the euro equal to 1,927 lire was suicide," Berlusconi said. Berlusconi added that modern-day Germany was born from the Weimar Republic, an experience that affected the German economy and opened the doors to Hitler and Nazism. "The Bundesbank and (German Chancellor Angela) Merkel have their roots in the terror of inflation," and because of this the mandate of the European Central Bank is that of fighting inflation. Berlusconi resigned last November and was replaced by Mario Monti, who has since been grappling with an ongoing recession and with Italy’s debt crisis.

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