The German elites are dictating Europe extreme austerity. The ideology behind that: salvation comes about by emulating the German export-driven wage-deflationary model. Only by means of such drastic treatment the EU periphery could regain competitiveness. In this way these economies are pushed into deep recession with an unknown end. Dozens of millions of people are forced into unprecedented misery which for decades had been considered overcome for capitalist Europe. Eventually Germany itself will be drawn into the vortex of crisis as it is destroying its own markets. The only solution suggesting itself: dissolving the eurozone.