Germany should leave Euro

Discussion in 'Europe' started by Baron, Nov 23, 2011.

  1. Baron
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    Baron Gold Member

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    Interesting why Germany must pay for highly corrupted lazy Greeks, Italians, Spanish or for the week economies like Portugal or others? Probably the best solution would be if Germany go back to the Deutsche Mark. In any case 99 % of all Germans will don't miss the Euro.
     
  2. Toro
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    Toro Diamond Member

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    If Germany leaves the euro, its banking system will collapse and its exports will plunge, driving Germany into a deep recession.

    That's why Germany is in a vice.
     
  3. PeteEU
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    PeteEU VIP Member

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    Wont happen... and insulting people is pathetic as well.

    Germany needs the Euro to have a lower currency. Since Germany is an export oriented country then currency means everything and as long as the US and UK are devaluing and Germans have a built in hatred to devaluation (aka printing money), then their only realistic alternative is the Euro.
     
  4. L.K.Eder
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    L.K.Eder unbannable non-troll

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  5. editec
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    editec Mr. Forgot-it-All

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    Too late.

    Yesterday Germany failed to sell all the bonds it offered.

    Germany now has the EU sniffles and the prognosis isn't good, methinks.

    German banks are holding a LOT of bad national bonds.

    Oh yeah, yesterday Portugal's credit rating turned to junk, too.

    tick tock
     
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    Last edited: Nov 24, 2011
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    What - me worry?...
    :confused:
    Stocks Rise Despite S&P's Europe Warning Worries
    12/05/11 - Stocks finished modestly higher on Monday although the major U.S. equity indices came off their session peaks in late trades on rumblings of a ratings outlook downgrade for European countries from Standard & Poor's.
    See also:

    How to Ride Out the Euro Crisis Meetings
    The European crisis is at a key point this week, and there are meetings galore on resolving it. Here's how to ride them out.
     
  7. editec
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    editec Mr. Forgot-it-All

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    Do you know why that happened?

     
  8. Munin
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    Munin VIP Member

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    It has been said already: Germany is stuck in the EURO

    One reason it sticks with it is that the EURO enables it to have a lower rated currency, as an export country Germany has only to win by that. Besides that Germany has the most to gain by a European Union because of its European exports, a european currency makes trade between member states much easier (not only currency, it also has a lot to do with trade tarrifs and regulations).


    The other reason is that German (and French) banks have bougth too much debt of poor member states such as Greece, when Greece leaves the euro all its debt will be recalculated by its own currency making the Greec debt even higher in EUROS. So the bankrupcy of Greece would fuel another banking crisis that Germany does not want at this moment.


    Germany does best as it does now, it will try to take controll over the weaker countries by dictating their budgetary disipline through the EU. This way Germany keeps its economical export advantage and gains more control over the EU.
     
    Last edited: Dec 9, 2011
  9. ekrem
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    ekrem VIP Member

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    That has already been regulated by the Customs Union.
    European Union Customs Union - Wikipedia, the free encyclopedia
     
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  10. Sunni Man
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    Sunni Man Diamond Member

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    Europe's Jewish bankers are simply repeating the economic melt down they were responsible for during the 1920's and 30's in order to rob the goyim and enrich themselves. :doubt:
     

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