Sorry, Germans support both Merkel and austerity

Discussion in 'Economy' started by Euroconservativ, May 24, 2012.

  1. Euroconservativ
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    Euroconservativ Member

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    Angela Merkel's approval rate is still around 60%. As high as 64% in february, according to Stern magazine.

    According to a recent poll, 55% of german voters support austerity and budget discipline over growth iniciatives funded by new credits (33%). Most major parties voters support austerity, except left-wing Die Linke.

    Majority of Germans Back Merkel

    : Mehrheit der Deutschen stützt Merkels Sparkurs - Nachrichten Print - DIE WELT - WELT ONLINE

    Another poll says austerity support climbs to 59%.


    Losing in North Rhine is not that important, since it's a SPD stronghold where conservatives have only won once in 50 years.

    The german right coalition (CDU/CSU + FDP) is losing local elections because of domestic issues. For example, the enormous unpopularity of the current FDP national leadership.

    By the way, the SPD is not ahead of CDU in national polls.


    This is the version that most people outside Germany read:
    Angela Merkel, Austerity Policies Dealt Blow In Local German Election
    German voters reject austerity in key poll - FT.com
    Voters in German state election reject government austerity policy
     
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  2. Truthseeker420
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    Truthseeker420 Gold Member

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    austerity for who?
     
  3. rdean
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    rdean rddean

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    It's easy to support austerity when you have the best economy in Europe. Republican policies have trashed our economy. It happened under Bush. It can hardly be denied.

    Denial - the one thing Republicans are very, very good at.
     
  4. Franticfrank
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    Franticfrank Member

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    I agree with the post above. There are alot of unhappy Germans out there in general with regards to the situation. But until Germany experiences real austerity itself, why should the Germans complain too much?
     
  5. Katzndogz
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    Katzndogz Diamond Member

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    Germany doesn't need austerity. Austerity is where the government is forced to spend less. Reduce the government payroll, rein in outlandish government benefits and pensions. Germany has practiced fiscal restraint and the people work and are productive. They don't need austerity. What the Germans are angry about is the demand of nations whose people want to be paid not to work for the benefit of what they worked for.

    The German's open letter to the Greek PM.


    Dear Mr Prime Minister,


    If you read this print, you’ve entered a country completely different from yours. You’re in Germany.

    * Here, people work until they are 67. There is no longer a 14-month salary for civil servants.

    * Here, nobody needs to pay a €1,000 bribe to get a hospital bed in time.

    * And we don’t pay pensions for the General’s daughters who sadly can’t find husbands.

    * In this country, the petrol stations have cash registers, the taxi drivers give receipts and farmers don’t swindle EU subsidies with millions of olive trees that don’t exist.

    Germany also has high debts - but we can meet them.

    * That’s because we get up reasonably early and work all day. Becuase in good times we always spare a thought for the bad times. Becuase we have good firms whose products are in demand around the world.

    Dear Mr Prime Minister, today you are in the country that sends umpteen-thousand of tourists and money aplenty to Greece.

    We want to be friends with the Greeks. That’s why since joining the euro, Germany has given your country €50bn.

    For this reason, we are writing to you,

    Yours,

    Bild Editorial

    Too bad we don't send the same letter to our democrats.
     
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  6. rdean
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    rdean rddean

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    You missed the parts about all the vacation days and how it's nearly impossible to fire anyone. And don't forget how heavily regulated the country is. You could get a ticket for having a dirty driveway or a lawn that needs mowing. True story. Oops.
     
    Last edited: May 24, 2012
  7. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    About Germany - they were smart enough to make some changes before things got out of hand, several years back. Pension reform, upped the retirement age and tightened the req'ts for early outs, CUT taxes, and managed to get their entitlement programs to be more sustainable. Hey, didja know they passed a balanced budget amendment a few years back? Takes effect in 2015 or 2016, somewhere in there. Their economy is hurting a bit lately, GDP was up only .5% last quarter, but they're an export economy and not a lot of importers lately for their stuff.

    The Germans are on the horns of a real dilemna - they definitely want to keep the EU strong and in tact, but they also don't want to throw more good money after bad to the Greeks. I think the upcoming Greek elections may influence what they do, but I don't think anyone really believes the Greeks will do what is necessary to attain any semblanceo fiscal sanity. AND, they're definitely worried about higher inflation too, and will not be thrilled if the ECB starts up the printing presses to float general bonds to help out the Greeks, Italians, and Spanish.
     
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  8. Franticfrank
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    Franticfrank Member

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    Absolutely right. I agree with you Wiseacre. My brother works in Berlin and pays away about one third of his money in income tax alone. And the Germans work damn hard, I'd say the the vacation days have nothing to do with it. If anything, the amount of vacation in the US is ridiculously low.
     
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  9. KissMy
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    KissMy Free Breast Exam

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    Greece using Euro Trojan Horse to defeat Germany.​


    [ame="http://www.youtube.com/watch?v=Zvl9N9GdraQ"]The Greece Plan[/ame]
     
  10. Trajan
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    Trajan conscientia mille testes

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    facts get you no where;)
     
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