Armstrong on the Euro’s “Original Sin”: No Debt Consolidation, No Referendum

Martin Armstrong claims EU officials sought his advice in the late 1990s while planning the euro — and that he warned them the currency could only rival the U.S. dollar if Europe first consolidated its debt. He argues that never happened, and adds that Helmut Kohl avoided a public referendum because he believed voters would reject joining the euro. Armstrong then links today’s economic strain to policy choices he sees as damaging: COVID-era measures, climate-driven restrictions, and sanctions on Russia — all of which, he argues, reduced economic activity and jobs across Europe. His bottom line: Europe is making high-stakes decisions without sufficient expertise or long-term planning. Link: https://slobodnipodcast.hr/2025/12/21/zasto-je-martin-armstrong-u-pravu-kada-najavljuje-rat-2026/