Germany should leave Euro

Baron

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Sep 19, 2008
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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.
 
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.

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.
 
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.

i am the 1%
 
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.

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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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.
S&P later confirmed the reports, announcing after the closing bell that it's placed the long-term sovereign ratings of 15 eurozone members on "creditwatch with negative implications." The Dow Jones Industrial Average settled up 78 points, or 0.7%, at 12,098. Financial stocks JPMorgan Chase and Bank of America led the gains for the blue-chip index, closing around 3% higher. The S&P 500 added 13 points, or 1%, to finish at 1257 and the Nasdaq Composite rose 29 points, or 1.1%, at 2656. More than 4 billion shares changed hands on the New York Stock Exchange and about 1.69 billion on the Nasdaq. "Today's creditwatch placements are prompted by our belief that systemic stresses in the eurozone have risen in recent weeks to the extent that they now put downward pressure on the credit standing of the eurozone as a whole," said S&P in its report, which impacted several triple-A rated countries.

"Currently, we expect output to decline next year in countries such as Spain, Portugal and Greece, but we now assign a 40% probability of a fall in output for the eurozone as a whole." The rating agency says it expects to conclude its review on the eurozone sovereign ratings as soon as possible following the European Union summit scheduled for the end of this week. A negative outcome from the meeting could see ratings lowered by up to one notch for Austria, Belgium, Finland, Germany, Netherlands, and Luxembourg, and by up to two notches for the other governments.

As Standard & Poor's placed the long-term triple A sovereign rating for Germany, the eurozone's largest economy, on its negative watch list, the rating agency said it's possible "these eurozone-wide issues [could] permanently constrain the availability of credit to the economy, Germany's economic growth outlook-- and therefore the prospects for a sustained reduction of its public debt ratio -- could be affected." Similar comments were made about the rationale for placing the long-term triple A ratings of the eurozone's second largest economy, France, and Luxembourg on the negative watch list.

Greece wasn't included in today's S&P ratings watch. Stocks were positive early as investors cheered the likelihood of a unified European plan for budget and debt crisis control and shrugged off tepid U.S. economic data. After a meeting in Paris, German Chancellor Angela Merkel and French President Nicolas Sarkozy called for changes to the European Union treaty that would allow for stronger fiscal discipline, integration and budget alignment across the eurozone. They hoped the changes would be ready for approval by March.

MORE

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.
The Europeans seem to be making alphabet soup these days: the ECB is meeting, an EU summit is looming, we just finished the Ecofin get-together...and so on.

Slowly but surely, though, progress is being made, and the analysts at Barclays Capital are guardedly positive on the euro.[EUR=X Loading... () ] All the meetings "will therefore be an important step forward which we believe will lower the risk premium on European currencies in particular. And given current pessimism and short positioning, we are constructive on risk," they wrote in a note to clients.

That said, they are not recommending trades using the euro. The European Central Bank meeting "is unlikely to improve risk sentiment while chipping away at the EUR's interest rate advantage," they say. And if investors are disappointed by the pace of progress toward an end to the crisis, there is major downside risk in the single currency.

Investors are better off buying the dollar against the Swiss franc, the Barclays Capital analysts say. "We prefer being long USDCHF, a trade which will perform well as euro area progress is made, as well as if a tail scenario ensues." They recommend entering the trade around 0.92 with a stop loss at 0.90 and a target of 0.98.

News Headlines
 
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.

Do you know why that happened?

30 November 2011;

The interwoven banking and sovereign debt crisis in the eurozone has become so dangerous for the world that the US Federal Reserve has been forced to take emergency action, acting as global lender of last resort to shore up Europe's banking system.
 
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.
 
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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:
 
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:

4loljs5.gif
 
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).

That has already been regulated by the Customs Union.
European Union Customs Union - Wikipedia, the free encyclopedia


True, but it is part of the treaties that are made by the EU member states. Just like the implementation of the EURO currency is one of those agreements symbolising the coöperation between all EU members, when the EURO falls it could be symbolising the end of the closest economical coöperation between European countries in European history.
 
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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.
If they do, I'll be flying over to make a large deposit.:cool:
Until then I'll stick with IPSA-BCH-Quinenco.
 
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.

You know what Germany will miss?

They'll miss having functional and solvent trade partners

Take a look at Germany's trade numbers.

Germany NEEDS Europe as much as Europe needs Germany.
 
It's just like murka needs South America. That wasn't as true 100 years ago.
Matter of fact the whole world cant function without Latin America and Asia. What happened ?
I'll tell you later.
 
Having started this global economic mess, is no wonder Germany is reluctant to listen to those who haven't followed their own advice...
:eusa_eh:
Build more credible financial firewall: US to Europe
Sunday 26th February, 2012 The eurozone has made remarkable progress in fighting the debt crisis, but should build its own more credible financial firewall as soon as possible, US Treasury Secretary Timothy Geithner said here.
"Europe is making quite a bit of progress in convincing the world that they are not going to allow a catastrophic financial failure in the continent," said Geithner Saturday, ahead of the G20 finance ministers and central bank governors meeting. However, Geithner stressed the progress hadn't been enough to solve the debt crisis, reported Xinhua.

"Now they are not down, they know they have more work to do." He also urged Europe to "put in place a stronger, more credible firewall", although "it is not a short-term thing". Building the firewall is a fundamental, deeply consequential economic issue and deserves the world focus now, he said.

The European Union (EU) has urged the international community to pump more money into the IMF, but some members of the G20 including the US are opposed to the proposal as they think the resources of the IMF can not substitute a healthy and strong European rescue fund.

Build more credible financial firewall: US to Europe

See also:

Germany bucking Europe fiscal firewall
Feb. 26,`12 (UPI) -- Germany's finance minister told Group of 20 colleagues in Mexico City he was not sold on the idea of a major monetary firewall against Europe's debt crisis.
Wolfgang Schauble said this weekend that extra funding for the European Stability Mechanism, a fund set up to prevent the spread of the financial turmoil that has roiled Greece and other European nations, would not effectively snuff out the crisis once and for all. "It does not make any economic sense [to take measures] which would neutralize the interest risk in the eurozone, nor endlessly pump money into stability funds, nor starting up the ECB [European Central Bank] printing press," Schauble said in an address to his fellow ministers.

"All of this would not help countries to overcome their problems in the long term and restore calm in the markets," Schauble said. "This would create disincentives for countries to carry on consolidating and reforming and would not improve the eurozone's economic outlook."

The Financial Times said Schauble's address voiced Germany's continued resistance to increased calls to beef up the ESM. The G20 is insisting on strengthening the ESM before members go along with increasing support for the International Monetary Fund. "We still have to build the mother of all firewalls," said Angel Gurría, secretary-general of the Organization for Economic Co-operation and Development. "The more credible it is and the bigger it is, the less likelihood we will have to use it."

Read more: Germany bucking Europe fiscal firewall - UPI.com
 
Hello,
that would be a great idea to leave the euro. I can't remember we had an opinion poll for the euro, we just got the currency.
But unfortunately we still have the euro and product prices have been risen at 100%, since we left the German Marks.
If Germany left the euro currency, I wouldn't miss it :)
 

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