The former Bank of England head Mervyn King said this week that the “depression” in Europe “has happened almost as a deliberate act of policy”. Specifically, King said that the formation of the European Union has doomed Europe to economic malaise. He points out that Greece is experiencing “a depression deeper than the United States experienced in the 1930s”. The depths of Greece's depression The depths of Greece’s depression Credit: RBS economics/RBS Indeed. Moreover – as Martin Armstrong has warned for decades – letting countries like Greece join he Euro without first structurally adjusting their debts was a recipe for disaster. So it is fascinating to learn that the U.S. was largely behind the creation of both the European Union and the Euro. The European Union: Funded By the CIA Professor of International Security at the University of Warwick Richard J. Aldrich reviewed available historical documents, and concludes that the European Union was largely an American project: US offi