- In April 2009, Lewis published ‘Wall Street on the Tundra’ an article tracing the logic behind the economic meltdown in Iceland.
- In October 2010, Lewis followed this up with a study into Greece in an article entitled ‘Beware of Greeks Bearing Bonds.’
- In March 2011 Lewis made waves in Irish political circles (an article published in the March edition of VF but available during the final calamitous days of the Cowen government) with his devastating insight into the banking and political upheavals in Ireland with his ‘When Irish Eyes are Crying.’
In the September 2011 issue of VF, Lewis has focused on Germany – EU lender of last resort and lynchpin of the euro – in an article entitled ‘It’s the Economy, Dummkopf!’
Heres your summary…
Lewis begins with a valuable insight into the German character – something with has an historical affiliation with…well….’faecal matter.’ From bizarre childhood folklore tales and Gutenberg’s strange choice for his 2nd printing to Martin Luther’s ‘scatological’ original idioms and Hitler sexual desires–a key German character trait is an obsession with waste or at least, taking dirt and cleanliness in equal measure – an affliction deeply ingrained but hidden within.
The article pivots into more analytical territory with a reference to sobering and contrasting statistics. Greece unemployment at 16.2% versus a 20-year low German rate of 6.9%. A job in Germany which pays €55,000 pa, pays €70,000 in Greece – effectively two extra monthly payments. Greece is plaqued by debt and deficits – with the euro like a inverse gastric band meaning the binge cannot stop. Greece, according to Germans, have two choices. Slim down government (and sacrifice growth) and fiscally integrate into Europe or reform how Greeks work and make the Greek people…Germans…with all the efficiency and productivity that goes along with that stereotype. Economically, the only solution is for German to stop bitching, arguing and hoping and just write the cheque. Politically, this isn’t a runner for Merkel. So, Europe trundles on, with regular crises (as in Spain and Italy recently and soon in Cyprus and France) meaning stop gap sticking plaster solutions that solve nothing.