Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #21  
Old 07.09.2011, 15:47
KeinFranzösisch's Avatar
Forum Veteran
 
Join Date: Dec 2010
Location: Washington, DC
Posts: 2,198
Groaned at 63 Times in 38 Posts
Thanked 2,549 Times in 1,115 Posts
KeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond repute
Re: Why Germany must exit the Euro

Quote:
View Post
Why Germany must exit the euro

http://www.telegraph.co.uk/finance/f...-the-euro.html

I do not know if this was discussed here.

Another question i have:

Since Switzerland has only 7 million people and is struggling to keep swiss franc in good shape, why do not Germany and Switzerland make an alliance and with 90 million people create a super Franc?
because it would be the MegaMark, and I'm sure the Romands and the Tessens would feel slighted. Plus the Franc isn't struggling at all. It's doing just fine.
Reply With Quote
  #22  
Old 07.09.2011, 15:50
simon_ch's Avatar
Forum Veteran
 
Join Date: Dec 2008
Location: Zürich
Posts: 2,390
Groaned at 128 Times in 76 Posts
Thanked 3,488 Times in 1,377 Posts
simon_ch has a reputation beyond reputesimon_ch has a reputation beyond reputesimon_ch has a reputation beyond reputesimon_ch has a reputation beyond reputesimon_ch has a reputation beyond reputesimon_ch has a reputation beyond repute
Re: Why Germany must exit the Euro

Quote:
View Post
I don't understand why people don't get that Europe needs to stop outsourcing and start working within it's borders. THAT was the whole point of the EU/EEA to begin with. Well, & the Euro as a matter of fact. All we are doing is shifting our wealth to China. It's getting out of control.
I disagree, there are today more factories in Germany than 20 years ago, exporting more to China than ever before. Greece has not deindustrialised because of the Euro, it never was industrialised in the first place. By levelling production costs via the inflationary Euro in poorer countries it was never intended as a production-, but rather as a consumption union, bluntly put.

Oh and re: KeinFranz, I like the sound of MegaMark!
Reply With Quote
  #23  
Old 07.09.2011, 15:51
KeinFranzösisch's Avatar
Forum Veteran
 
Join Date: Dec 2010
Location: Washington, DC
Posts: 2,198
Groaned at 63 Times in 38 Posts
Thanked 2,549 Times in 1,115 Posts
KeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond repute
Re: Why Germany must exit the Euro

Quote:
View Post
Tourism to germany would also become expensive...
Just a point to make. The Franc used to be 1.25 to the Dollar, and it used to be 1.25 Dollars to the Euro. Now the France has flip-flopped with the Dollar and on a good day it only takes 1.40 to buy a Euro. The Dollar also only buys 78 Yen at the moment and it used to buy 110 Yen. Then there were the good ol' days when a USD bought 1.2 CAD and 1.25AUD and 1.45NZD. That's all gone now too. But yet the Americans still take vacations just like they used.

So tourism really doesn't get bit by decreases in exchange rates, I don't think, even though the goods and services become more expensive for the tourist.
__________________
I would sooner have you hate me for telling you the truth than adore me for telling you lies. - Pietro Aretino
Reply With Quote
  #24  
Old 07.09.2011, 15:59
miniMia's Avatar
Forum Legend
 
Join Date: Apr 2007
Location: romandie
Posts: 9,971
Groaned at 101 Times in 92 Posts
Thanked 9,106 Times in 4,522 Posts
miniMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond repute
Re: Why Germany must exit the Euro

Quote:
View Post
I disagree, there are today more factories in Germany than 20 years ago, exporting more to China than ever before. Greece has not deindustrialised because of the Euro, it never was industrialised in the first place. By levelling production costs via the inflationary Euro in poorer countries it was never intended as a production-, but rather as a consumption union, bluntly put.

Oh and re: KeinFranz, I like the sound of MegaMark!
There is plenty (or was) beautiful work done in italy that is now done as rubbish in China. Portugal made gorgeous textiles that are now super thin junk make in China.

I understood the Euro to be so that industry would stop losing money to the banks when buy or selling within the union. But I do think a lot of it was those from northern countries getting PO'd that you could buy a coke for 1/2 price in Spain & Portugal without even thinking that those in S/P were making 1/2 the salary.

Anyway, I still think it's time to keep more of it all in the family & shut 'em out. Yes I do.
__________________
Reply With Quote
  #25  
Old 07.09.2011, 15:59
Guest
 
Posts: n/a
Re: Why Germany must exit the Euro

Off the record, no one at the Bundesbank wants to be in the Euro. Its a joke....
Reply With Quote
  #26  
Old 07.09.2011, 16:12
miniMia's Avatar
Forum Legend
 
Join Date: Apr 2007
Location: romandie
Posts: 9,971
Groaned at 101 Times in 92 Posts
Thanked 9,106 Times in 4,522 Posts
miniMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond repute
Re: Why Germany must exit the Euro

Quote:
View Post
Off the record, no one at the Bundesbank wants to be in the Euro. Its a joke....
Yeah. Not now. They were pushing hard for it though, back in the day.
Reply With Quote
  #27  
Old 07.09.2011, 16:19
tom tulpe's Avatar
Forum Veteran
 
Join Date: Jul 2011
Location: Horgen
Posts: 1,182
Groaned at 21 Times in 19 Posts
Thanked 1,409 Times in 646 Posts
tom tulpe has a reputation beyond reputetom tulpe has a reputation beyond reputetom tulpe has a reputation beyond reputetom tulpe has a reputation beyond reputetom tulpe has a reputation beyond repute
Re: Why Germany must exit the Euro

Quote:
View Post
There is plenty (or was) beautiful work done in italy that is now done as rubbish in China. Portugal made gorgeous textiles that are now super thin junk make in China.

I understood the Euro to be so that industry would stop losing money to the banks when buy or selling within the union. But I do think a lot of it was those from northern countries getting PO'd that you could buy a coke for 1/2 price in Spain & Portugal without even thinking that those in S/P were making 1/2 the salary.

Anyway, I still think it's time to keep more of it all in the family & shut 'em out. Yes I do.
Sorry, but there's profits to be made. And Chinese labour is so much cheaper then Portugese (who put Flemish, German and Swiss textile industries - yes, that used to be big in canton Glarus - to the sword back in the day).

Nowadays Chinese labour is actually becoming "too expensive" in the eyes of some, so Bangladesh, Vietnam and Cambodia are the new places to be.
Reply With Quote
  #28  
Old 07.09.2011, 16:26
Assassin's Avatar
Forum Legend
 
Join Date: Mar 2010
Location: Chasing clouds
Posts: 4,023
Groaned at 180 Times in 123 Posts
Thanked 11,558 Times in 3,148 Posts
Assassin has a reputation beyond reputeAssassin has a reputation beyond reputeAssassin has a reputation beyond reputeAssassin has a reputation beyond reputeAssassin has a reputation beyond reputeAssassin has a reputation beyond repute
Re: Why Germany must exit the Euro

We're ahead of all you folk in our town; we're back to trading in pig shit. Current rate is 10 Kgs = one sack of acorns, or about CHF 0.025 (at September 06, 2011) rates.

For you foreigners here, that's about as much use as getting 5 green rep points on your EF account. Pointless basically.

Last edited by Assassin; 07.09.2011 at 16:36.
Reply With Quote
  #29  
Old 07.09.2011, 16:29
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 32,516
Groaned at 2,578 Times in 1,840 Posts
Thanked 39,652 Times in 18,690 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: Why Germany must exit the Euro

Quote:
View Post
The Franc used to be 1.25 to the Dollar
First time I came to Switzerland, it was close to 2.50 to the USD!

Tom
Reply With Quote
  #30  
Old 07.09.2011, 16:38
ARandomUsername
 
Posts: n/a
Re: Why Germany must exit the Euro

Quote:
View Post
Ummm a super REICH. Not certain that idea worked the first time.
Actually it's the super reich that are the problem, not paying enough taxes!

Uh...
Reply With Quote
  #31  
Old 07.09.2011, 16:43
Junior Member
 
Join Date: Aug 2010
Location: Zurich
Posts: 36
Groaned at 4 Times in 2 Posts
Thanked 12 Times in 8 Posts
Victoria2010 has earned some respectVictoria2010 has earned some respect
Re: Why Germany must exit the Euro

Quote:
View Post
Austria, parts of Czech Republic and Alsace could also join to create a new Super German State. Why didn't anyone think of that before?
Hmmm.. someone did think of that before. Hehe.

Anyway Germany has benefitted from the Euro with the price of its exports being so low - if they still had the DM it would be really high by now and they wouldn't be exporting as much. So now they are experiencing tough times, after the good times, like everyone else.
Reply With Quote
  #32  
Old 07.09.2011, 17:54
miniMia's Avatar
Forum Legend
 
Join Date: Apr 2007
Location: romandie
Posts: 9,971
Groaned at 101 Times in 92 Posts
Thanked 9,106 Times in 4,522 Posts
miniMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond repute
Re: Why Germany must exit the Euro

Quote:
View Post
Sorry, but there's profits to be made. And Chinese labour is so much cheaper then Portugese (who put Flemish, German and Swiss textile industries - yes, that used to be big in canton Glarus - to the sword back in the day).

Nowadays Chinese labour is actually becoming "too expensive" in the eyes of some, so Bangladesh, Vietnam and Cambodia are the new places to be.
Sorry, but goods are just too cheap now a days. We have enough cheap and crap quality rubbish in the land fills.

Time close them doors.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Does anyone like the Serbs? (Exit Festival Serbia review). Natasha Travel/day trips/free time 50 16.07.2012 14:12
why must there be evil bosses Guest Complaints corner 38 12.01.2011 07:58
EXIT and the ultimate choice. Guest Swiss politics/news 11 07.12.2010 22:01
Exit notice from the catholic church papple82 Daily life 9 08.08.2009 17:22
Why must everything be so complicated Margie Complaints corner 34 30.10.2007 07:40


All times are GMT +2. The time now is 10:18.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0