bye bye Eurozone

Jimbuna · 02-14-17, 08:19 AM

Quote:

Originally Posted by Catfish

The US could win their hearts by building bridges of friendship and love, like in the middle East.

But Greece has no oil

Plenty of German money though so I am led to believe

Skybird · 02-14-17, 08:32 AM

Germany last year paid 26% of the EU's budget, with Britian leaving, mayby France following, both events would increase the German share, it could become 30, even 35% without France and without Britain. It holds 750 billion of (useless...) TARGET claims against the ECB. It pays for one quarter of the ICF budget. And has wasted I do not remember anymore how many billions in Greece. No wonder that some German freaked out there.

- But as they say: better an end with horrors, than horrors without end. And I say since so many years now that an economy that is so hopelessly depending on exports and thus on foreign markets and thus factors beyond its own control and influence, is mislabelled when describing it as "strong". It is heavily dependent and thus: weak and vulnerable. So although I know that Germany will suffer insane losses, I nevertheless argue for letting Germany have it. Us Germans brought ourselves into this messy - and idiotic - situation and nobody forced us to do so, so I figure we do not deserve it any better. It seems Germans are immune to learning, after two socilaist tyrannies in just 3 generations, suffering still seems to be the only thing that holds some chance to nevertheless make them change under pressure, if learning from reason and historical experience is so much too much asked of them..

Catfish · 02-14-17, 09:47 AM

Quote:

Originally Posted by Skybird

[...] And I say since so many years now that an economy that is so hopelessly depending on exports and thus on foreign markets and thus factors beyond its own control and influence, is mislabelled when describing it as "strong". [...]

Well you can begin to dig for iron, uranium and other resources in Germany if you want, but fact is there is not much, and we have long since become a country that exports technology, and pushing the service sector. I cannot see how this will change unless we concquer some colonies to get resources.

B.t.w. due to the strong dollar (ahem) EU exports have thrived in the last days, and the index went up one point only yesterday.

http://www.spiegel.de/wirtschaft/soz...a-1134464.html
http://www.spiegel.de/wirtschaft/soz...a-1134314.html
http://www.zeit.de/wirtschaft/2017-0...rognose-europa

Quote:

[...], after two socilaist tyrannies in just 3 generations, suffering still seems to be the only thing that holds some chance to nevertheless make them change under pressure, if learning from reason and historical experience is so much too much asked of them..

Fact is the sky is neither falling in England, nor in the EU.

Skybird · 02-14-17, 02:41 PM

Quote:

Originally Posted by Catfish

Fact is the sky is neither falling in England, nor in the EU.

But it fell over the third Reich and the GDR, and the EU and modern Germany will follow. You cannot betray the market's realities endlessly. Sooner or later reality catches you, always. Just a question of time.

Oberon · 02-14-17, 02:59 PM

Quote:

Originally Posted by Skybird

But it fell over the third Reich and the GDR, and the EU and modern Germany will follow. You cannot betray the market's realities endlessly. Sooner or later reality catches you, always. Just a question of time.

Everything falls eventually, it's how it falls that's critical.

02-14-17, 08:32 AM	#2
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,683 Downloads: 10 Uploads: 0	Germany last year paid 26% of the EU's budget, with Britian leaving, mayby France following, both events would increase the German share, it could become 30, even 35% without France and without Britain. It holds 750 billion of (useless...) TARGET claims against the ECB. It pays for one quarter of the ICF budget. And has wasted I do not remember anymore how many billions in Greece. No wonder that some German freaked out there. - But as they say: better an end with horrors, than horrors without end. And I say since so many years now that an economy that is so hopelessly depending on exports and thus on foreign markets and thus factors beyond its own control and influence, is mislabelled when describing it as "strong". It is heavily dependent and thus: weak and vulnerable. So although I know that Germany will suffer insane losses, I nevertheless argue for letting Germany have it. Us Germans brought ourselves into this messy - and idiotic - situation and nobody forced us to do so, so I figure we do not deserve it any better. It seems Germans are immune to learning, after two socilaist tyrannies in just 3 generations, suffering still seems to be the only thing that holds some chance to nevertheless make them change under pressure, if learning from reason and historical experience is so much too much asked of them.. __________________ If you feel nuts, consult an expert.