DISINFO: Germany created the euro to colonise countries that couldn't be conquered militarily

DISINFORMATION CASE DETAILS

DISINFO: Germany created the euro to colonise countries that couldn't be conquered militarily

SUMMARY

German Industrialists created the euro in order to colonize southern Europe. […] this was the plan by some all along, to colonize countries like Greece that couldn’t be conquered militarily in WWII.

RESPONSE

Conspiracy theory; no evidence given. This is an example of recurring pro-Kremlin disinformation about the euro, attempting to exacerbate divisions within Europe by portraying the eurozone as an imperialistic project of the EU against Member States in order to control them and limit their sovereignty. The euro was created because a single currency offers many advantages and benefits over the previous situation where each EU Member State had its own currency. Not only are fluctuation risks and exchange costs eliminated and the single market strengthened, but the euro also means closer co-operation among Member States for a stable currency and economy to the benefit of all European citizens. Moreover, public support for the euro is at an all-time high since polling began in 2002: over three quarters of Europeans think the euro is good for the EU. A record number of Europeans (65%) also think the euro is good for their country. For more information about the history and role of euro, see here. For similar disinformation cases attempting to undermine support for the eurozone, see here, here, and here.

Disclaimer

Cases in the EUvsDisinfo database focus on messages in the international information space that are identified as providing a partial, distorted, or false depiction of reality and spread key pro-Kremlin messages. This does not necessarily imply, however, that a given outlet is linked to the Kremlin or editorially pro-Kremlin, or that it has intentionally sought to disinform. EUvsDisinfo publications do not represent an official EU position, as the information and opinions expressed are based on media reporting and analysis of the East Stratcom Task Force.

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