Originally posted by sh76That's how the US works. Some states get annual bailout/welfare checks taken from the other states.
What would the DM be worth these days (relative to the euro). Would it go up 50%? 100%? What would that do to German exports?
Is Germany condemned to stick with the euro and to bailing out EU members because of fear of destroying its own export industry?
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Originally posted by sh76I just wonder if they are thankful they did not take over the entire European continent in the mid 20th century. According to my estimations it saved them trillions!!
What would the DM be worth these days (relative to the euro). Would it go up 50%? 100%? What would that do to German exports?
Is Germany condemned to stick with the euro and to bailing out EU members because of fear of destroying its own export industry?
1 edit
Originally posted by AThousandYoungNow this is just sad. Sh76 is obviously trying to start a debate that does not involve US egocentronarcissistic overtones and you had to muddy it up by asking what the US would do?
But can't we talk about what Ron Paul would do instead?🙄
Just for the record, no one in the US is interested in what Ron would do. They are all too busy worshipping at the Romney/Obama orfical ideologies. 😛
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Originally posted by sh76why? it's a relevant comparison.
Sorry, not biting.
This is about Germany and Greece (etc.), not California and Mississippi.
in fact the USA is pretty much the only viable comparison to the Eurozone.
And highlights what is wrong with the way the Euro was set up.
Originally posted by googlefudgeIn essence Germany and France brought this upon themselves. Rules were agreed on budget deficits, public debt etc. to ensure the stability of the euro. But France and Germany did not comply so they made sure the enforcement of the stability rules was loose at best and non-existent at worst. This resulted in economies who were even weaker than France and Germany building up huge debts without the ECB or EU interfering... before it was already too late.
why? it's a relevant comparison.
in fact the USA is pretty much the only viable comparison to the Eurozone.
And highlights what is wrong with the way the Euro was set up.
Originally posted by AThousandYoungThey would have equal trade barriers if they stayed in the EU.
I think such a move would destabilize the European economy as a whole, including Germany's, because they'd have more trade barriers.
I reckon there would be about 5DM's to a Euro - but it is not really possible to even guess.
German goods are relatively expensive anyway so a little more might not make that much difference.
But ultimately Germany won't leave the Euro.
The Eurozone may fracture into 2 currencies.
Alternatively the ECB could print loads of money which would be inflationary and German goods would again be more expensive.
Which ever way you look at it - prices will be rising faster than earnings for some time to come in Europe.
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Originally posted by KazetNagorraIndeed, however this doesn't invalidate my point that the only comparable economic situation on the
In essence Germany and France brought this upon themselves. Rules were agreed on budget deficits, public debt etc. to ensure the stability of the euro. But France and Germany did not comply so they made sure the enforcement of the stability rules was loose at best and non-existent at worst. This resulted in economies who were even weaker than France and ...[text shortened]... many building up huge debts without the ECB or EU interfering... before it was already too late.
planet with which to compare and contrast the Euro is the USD.