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Old 07.09.2011, 12:40
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Why Germany must exit the Euro

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?
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Old 07.09.2011, 12:45
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Re: Why Germany must exit the Euro

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?
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Old 07.09.2011, 12:46
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Re: Why Germany must exit the Euro

Ummm a super REICH. Not certain that idea worked the first time.
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Old 07.09.2011, 12:52
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Re: Why Germany must exit the Euro

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Ummm a super REICH. Not certain that idea worked the first time.
or the third time for that matter
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Old 07.09.2011, 12:52
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Re: Why Germany must exit the Euro

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Ummm a super REICH. Not certain that idea worked the first time.
Oh, it was fine the first time, and the second...
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Old 07.09.2011, 12:55
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Re: Why Germany must exit the Euro

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Oh, it was fine the first time, and the second...
..but the fourth isn't holding together so well at the moment.
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Old 07.09.2011, 12:57
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Re: Why Germany must exit the Euro

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Since Switzerland has only 7 million people and is struggling to keep swiss franc in good shape
They are not struggling to keep the CHF in good shape, they are struggling to weaken it!

Tom
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Old 07.09.2011, 13:25
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Re: Why Germany must exit the Euro

It is strange that man never learns from it's past. Maybe if we kept the libaries open someone would have the sense to read some history.
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Old 07.09.2011, 13:37
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Re: Why Germany must exit the Euro

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They are not struggling to keep the CHF in good shape, they are struggling to weaken it!

Tom
Don't you love that. The Swiss have to weaken their currency so that those in economies that were completely mismanaged can still afford Swiss stuff.

All aboard the f***wit express!
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Old 07.09.2011, 14:03
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Re: Why Germany must exit the Euro

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Don't you love that. The Swiss have to weaken their currency so that those in economies that were completely mismanaged can still afford Swiss stuff.

All aboard the f***wit express!
If you read the article. Same to European Countries.
At Least Portugal was in debt due to Germany politics.
You can not have a EuroGroup serving Germany/France services. All others will fail/bankrupt.

When you have a Eurogroup working for Germany.....Germany has to bailout all other countries (is the duty) or has to quit.
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Old 07.09.2011, 14:16
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Why Germany can't exit the Euro, and will keep forking out...

I have a sneaky feeling that Germany won't exit the Euro or indeed stop bankrolling the PIGS until this diagram starts to look very different...

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Old 07.09.2011, 14:50
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Re: Why Germany must exit the Euro

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If you read the article. Same to European Countries.
At Least Portugal was in debt due to Germany politics.
You can not have a EuroGroup serving Germany/France services. All others will fail/bankrupt.

When you have a Eurogroup working for Germany.....Germany has to bailout all other countries (is the duty) or has to quit.
Read TFA but still did not get that point ("Portugal in debt due to Germany"). Overall a terrible article. Germany is fiscally reponsible, they don't spend more than they earn. The rest of Europe have serious deficits (including UK, FRance etc). And yet it's all Germany's fault?
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Old 07.09.2011, 14:56
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Re: Why Germany must exit the Euro

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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?
Yes, I read the Telegraph article at the time and from other sources I have heard that Germany leaving the Euro is still an option.
You are also right to suggest that an economic alliance between Germany and Switzerland could be a good option. In the past while Germany still had the D-Mark for much of the time the two currencies coexisted together as a source of strength and stability in Europe. What a pity German politicians allowed the country to get dragged into the Euro experiment. It would never have happened if Germany had had enough democracy to allow the German people to exercise their choice in the matter.
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Old 07.09.2011, 15:00
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Re: Why Germany must exit the Euro

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Read TFA but still did not get that point ("Portugal in debt due to Germany"). Overall a terrible article. Germany is fiscally reponsible, they don't spend more than they earn. The rest of Europe have serious deficits (including UK, FRance etc). And yet it's all Germany's fault?
Yes, in Daily Telegraph World it is.

If Germans had gone on a spending spree and created a housing bubble (like Ireland or Spain, or Britain for that matter), the ECB could have raised the interest rates in time to pop the bubble, when instead it had to keep the tabs open to support the (then ailing) German economy.

Also, if German products were less competitive, her economy would have slumped long ago, and she would have agreed to QE3 (or whichever QE we've arrived at) sooner.

Also, given that in Daily Telegraph World the End Of The Euro is always around the corner, it would really help if some of the bigger stumbling block were removed, e.g. Germany.






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Old 07.09.2011, 15:04
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Re: Why Germany must exit the Euro

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Also, given that in Daily Telegraph World the End Of The Euro is always around the corner, it would really help if some of the bigger stumbling block were removed, e.g. Germany.






Nein!!! Please do not remove Germany .. where will I shop?

Come to think of it ... where would Germany move to...?
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Old 07.09.2011, 15:32
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Re: Why Germany must exit the Euro

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Nein!!! Please do not remove Germany .. where will I shop?

Come to think of it ... where would Germany move to...?
Stumbling block on the road to the End Of The Euro, obviously.
Germany would be removed to the wonderful world of Countries With Hard Currencies, together with Switzerland and Singapore (and possibly Australia). Her citizens wouldn't have to work anymore, as nobody could afford to buy German-made stuff (much like Switzerland at CHF-EUR parity). But the Daily Telegraph would be happy, in a "told-you-so"-way.
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Old 07.09.2011, 15:52
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Re: Why Germany must exit the Euro

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Yes, I read the Telegraph article at the time and from other sources I have heard that Germany leaving the Euro is still an option.
Germany's economy is (was?) strong partly due to strong exports. If Germany were to leave the euro their new currency would very quickly gain strength pretty much pricing german products out of the eurozone market (and possibly others). Tourism to germany would also become expensive... in other words pretty much everything that has happened in switzerland. Not really what they would want either I guess.

That said, if germany were to leave, the value of the euro would drop further possibly aiding the export and tourism of the remaining countries.

I'm no expert though, just regurgitating what i've read elsewhere.
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Old 07.09.2011, 15:54
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Re: Why Germany must exit the Euro

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Stumbling block on the road to the End Of The Euro, obviously.
Germany would be removed to the wonderful world of Countries With Hard Currencies, together with Switzerland and Singapore (and possibly Australia). Her citizens wouldn't have to work anymore, as nobody could afford to buy German-made stuff (much like Switzerland at CHF-EUR parity). But the Daily Telegraph would be happy, in a "told-you-so"-way.
If Germany quits then so will France.. which means the Euro will become the new Lire in no time! Hurray, I'm really looking forward to trips to bordering Italy to eat a 5'000 Euro pizza (or 2.50 CHF) again!
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Old 07.09.2011, 16:18
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Re: Why Germany must exit the Euro

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If Germany quits then so will France.. which means the Euro will become the new Lire in no time! Hurray, I'm really looking forward to trips to bordering Italy to eat a 5'000 Euro pizza (or 2.50 CHF) again!
And if France quits, they can kiss goodbye to that €1trillion that the PIGSIs owe them, so cheap times in France too! Trebles all round
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Old 07.09.2011, 16:43
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Re: Why Germany must exit the Euro

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.
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