Why Germany should get off its high horse:
-
It is all vey well Germany posturing and saying to everyone else, be like us, produce, dont spend, save, and then you wont have a crisis, but tell me this Germany, just who do you think it is who has been buying your exports for last 10 years? Thats right, Greeks, Italians, Spanish and so on. So Germany, can you please pull your collective head out of your collective but and for once get ahead of the curve and QE the Euro. If you dont YOUR exports are going to plumment as you force the entire zone NOT to buy your products and your ecconomy is going to be totally hosed as well. The alternative is not only a collapse of the Euro, but a collapse of the EU as social tension reignites nationalism and national borders. This is already happening, http://www.dailymail.co.uk/news/article-2054406/Furious-Greeks-lampoon-German-overlords-Nazis-picture-Merkel-dressed-SS-guard.html[^] Does Germany want to be seen this way in modern Europe? Yet its actions are leading to procisely this. France just got downgraded by Fitch. Thats Sarkozy in trouble, there goes his budget as govt debt gets more expensive. Money transfer out of the Euro zone is bevoming substantial. Who wants to leave cash in a zone destined for devaluation? Of course doing so is causing a run on some Euro banks increasing pressure on liquidity. And as liquidity increases, so does insolvency, and govt debt goes up, forcing the ecconomy ever deeper into the hole. Forget inflation, if massive amounts of Euros arent pumped into the system right now then the inliquidity is gong to trigger a collapse that will impact the global ecconomy severely. For fucks sake Germany, QE the damn Euro and for once get ahead of the curve!
============================== Nothing to say.
-
It is all vey well Germany posturing and saying to everyone else, be like us, produce, dont spend, save, and then you wont have a crisis, but tell me this Germany, just who do you think it is who has been buying your exports for last 10 years? Thats right, Greeks, Italians, Spanish and so on. So Germany, can you please pull your collective head out of your collective but and for once get ahead of the curve and QE the Euro. If you dont YOUR exports are going to plumment as you force the entire zone NOT to buy your products and your ecconomy is going to be totally hosed as well. The alternative is not only a collapse of the Euro, but a collapse of the EU as social tension reignites nationalism and national borders. This is already happening, http://www.dailymail.co.uk/news/article-2054406/Furious-Greeks-lampoon-German-overlords-Nazis-picture-Merkel-dressed-SS-guard.html[^] Does Germany want to be seen this way in modern Europe? Yet its actions are leading to procisely this. France just got downgraded by Fitch. Thats Sarkozy in trouble, there goes his budget as govt debt gets more expensive. Money transfer out of the Euro zone is bevoming substantial. Who wants to leave cash in a zone destined for devaluation? Of course doing so is causing a run on some Euro banks increasing pressure on liquidity. And as liquidity increases, so does insolvency, and govt debt goes up, forcing the ecconomy ever deeper into the hole. Forget inflation, if massive amounts of Euros arent pumped into the system right now then the inliquidity is gong to trigger a collapse that will impact the global ecconomy severely. For fucks sake Germany, QE the damn Euro and for once get ahead of the curve!
============================== Nothing to say.
Let's hope that Angela Merkel reads Code Project than. Sure as shit she doesn't read the Daily Rail.
Forgive your enemies - it messes with their heads
"Mind bleach! Send me mind bleach!" - Nagy Vilmos
My blog | My articles | MoXAML PowerToys | Mole 2010 - debugging made easier - my favourite utility
-
Let's hope that Angela Merkel reads Code Project than. Sure as shit she doesn't read the Daily Rail.
Forgive your enemies - it messes with their heads
"Mind bleach! Send me mind bleach!" - Nagy Vilmos
My blog | My articles | MoXAML PowerToys | Mole 2010 - debugging made easier - my favourite utility
F. Merkin has her French Poodle read the papars for her.
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
-
Let's hope that Angela Merkel reads Code Project than. Sure as shit she doesn't read the Daily Rail.
Forgive your enemies - it messes with their heads
"Mind bleach! Send me mind bleach!" - Nagy Vilmos
My blog | My articles | MoXAML PowerToys | Mole 2010 - debugging made easier - my favourite utility