Exactly, why are they a member of the EU if they just want to stay independent. Get the F out of the Euro and see how their exports get crushed with an overvalued currency. They have taken charge of the EU and are now totally responsible for a Euro death because they can totally prevent it. Right now theyre just playing games and wiping out markets. Their economy has problems of their own with debt loads just as bad as the other pigs. A Euro collapse will smash them into a recession just as bad.
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Is germany throwing the world into disaster yet again??
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Exactly, why are they a member of the EU if they just want to stay independent. Get the F out of the Euro and see how their exports get crushed with an overvalued currency. They have taken charge of the EU and are now totally responsible for a Euro death because they can totally prevent it. Right now theyre just playing games and wiping out markets. Their economy has problems of their own with debt loads just as bad as the other pigs. A Euro collapse will smash them into a recession just as bad.
Quote from toc:
The real threat of Europe is not from German fiscal discipline and its pulling whip on slacker nations...............the real threat to Europe and World is the Anglo-Saxon led irresponsible meddling into the affairs of other countries. The missile shield in Europe has reached the rhetoric of Russia calling for targeting and destroying US Command and Control areas. When was the last time Russia made such a statement............I think it was during the 1962 Cuba Missile crisis.
Citizens of Russia, I address you today in connection with the situation concerning the NATO countries' missile defence system in Europe.
We will not agree to take part in a programme that in a short while, in some 6 to 8 years' time could weaken our nuclear deterrent capability.
The European missile defence programme is already underway
and work on it is, regrettably, moving rapidly in Poland, Turkey, Romania, and Spain.
We find ourselves facing a fait accompli.
In this connection, I have made the following decisions:
First, I am instructing the Defence Ministry to immediately put the missile attack early warning radar station in Kaliningrad on combat alert.
Second, protective cover of Russia's strategic nuclear weapons
will be reinforced as a priority measure under the programme to develop our air and space defences.
Third, the new strategic ballistic missiles commissioned by the Strategic Missile Forces and the Navy
will be equipped with advanced missile defence penetration systems and new highly-effective warheads.
Fourth, I have instructed the Armed Forces to draw up measures for disabling missile defence system data and guidance systems if need be
These measures will be adequate, effective, and low-cost.
Fifth, if the above measures prove insufficient,
the Russian Federation will deploy modern offensive weapon systems in the west and south of the country,
ensuring our ability to take out any part of the US missile defence system in Europe.
One step in this process will be to deploy Iskander missiles in Kaliningrad Region.
Other measures to counter the European missile defence system will be drawn up and implemented as necessary.
Germany is learning the price of Empire. This, too, shall pass, Euro or no Euro, everyone will wake up in the morning much like they did today.
The problem is that not only would it hurt Euro and Germany it also puts at risk the whole world economy. When UK, U.S, Russia will wake up for the risk, will it be 1942 already? Some more world pressure now (mabye a little moe IMF help), can help avoid an economy WWIII..Quote from Playmaker21:
Exactly, why are they a member of the EU if they just want to stay independent. Get the F out of the Euro and see how their exports get crushed with an overvalued currency. They have taken charge of the EU and are now totally responsible for a Euro death because they can totally prevent it. Right now theyre just playing games and wiping out markets. Their economy has problems of their own with debt loads just as bad as the other pigs. A Euro collapse will smash them into a recession just as bad.
The Euro as a currency is dead. The model doesn't work.
No single raindrop feels responsible for the flood.
It's not Germany or France or Greece or even the USA that is throwing the world into disaster. It is the mistaken belief that we can do everything for everybody. We (as in the world, the people that make up each country) cannot afford to give everyone free healthcare, luxurious retirements, free housing, food and every other damn thing. We just can not.
Let me clarify, we certainly can do all these things for a little while. As long as out credit is good and people keep lending us more and more money. But eventually those folks are going to question our ability to pay back that money and they cut off the credit card.
It's not Germany or France or Greece or even the USA that is throwing the world into disaster. It is the mistaken belief that we can do everything for everybody. We (as in the world, the people that make up each country) cannot afford to give everyone free healthcare, luxurious retirements, free housing, food and every other damn thing. We just can not.
Let me clarify, we certainly can do all these things for a little while. As long as out credit is good and people keep lending us more and more money. But eventually those folks are going to question our ability to pay back that money and they cut off the credit card.
20+20=40 billion. Again, I don't think she's idiot.Quote from Playmaker21:
Either Merkel is an idiot or evil.
http://www.nytimes.com/2011/11/25/b...e-ending-with-euro-crisis.html?_r=1&ref=world
According to an estimate by Re-Define, an economic research institute in Brussels, Germany saved around 20 billion euros ($26.7 billion) in borrowing costs from 2009 to 2011, with an additional 20 billion euros in estimated savings locked in for the future.
..
It helps explain why Germany has taken a tough line against âbudget sinnersâ in the south like Greece, which have been virtually locked out of bond markets by high borrowing costs, and why Germany has been reluctant to create a âbig bazookaâ or huge bailout fund to stem the crisis. The bond markets delivered cheap money to Germany, and resulted in something Berlin badly wanted: economic overhauls in Southern Europe.
This is the reason they bash the euro every day.
And they also give a hand to german exporters who want to keep the euro exchange rate as low as possible.
Quote from Runningbear:
Italy, greece and spain have caused the problem, why should the hard working germans have to pay for the laziness of others. Germany knows that all three are bankrupt so there is no point in throwing good money after bad. Just let them default and begin to rebuild.
Actually, Germany got huge benefits from the weaker countries in this euro. This article explains it:
http://www.nytimes.com/2011/04/23/b...s.html?_r=1&smid=tw-nytimesbusiness&seid=auto
Since the introduction of the euro at the beginning of 1999, the European Central Bank calculates that Germany has gained competitiveness, not only against other major industrial nations but against all other members of the euro zone.
Over the same period, Germanyâs balance of payments has gone from a small deficit to a strong surplus, but in the euro zone as a whole the balance of payments position has deteriorated slightly. Trade balances are the largest part of the balance of payments, but other transfers â not including international investments and profits from those investments â are also included.
The loss of competitiveness has been a major problem for some other members of the euro zone, most notably Greece and Ireland, each of which has been bailed out by Europe. Portugal, the other country to seek help, has suffered a smaller loss of competitiveness.
Irelandâs problems were caused largely by the collapse of its banking system, which stemmed from the collapse of a property boom that had been propelled by cheap credit and tax incentives. The loss of competitiveness was not as much of a problem for Ireland as it was for Greece and Portugal.
After the collapse, Ireland embarked on a harsh program of austerity, including wage cuts, and both its competitiveness and its balance of payments have improved.
The competitiveness measure is based on currency movements and changes in unit labor costs in major industrialized countries. German competitiveness against the rest of the world was probably helped by the fact that the relatively poor performance of other members of the euro zone held down the appreciation of the euro against other currencies.
The first set of charts accompanying this article shows Germanyâs performance in competitiveness, as well as the countryâs balance of payments as a percentage of gross domestic product. The next set of charts shows similar measures for the other major countries of the euro zone, France, Italy and Spain. The final set shows the performance of the three countries that were forced to seek European help.
The European Central Bank does not publish a competitiveness index for Portugal based on unit labor costs, so a similar one based on overall inflation in the economy is used instead. Greek balance of payments data is not available for 1999.
With the exception of Germany, each of the countries shown has lost competitiveness because unit labor costs have risen more rapidly in those countries. Absent the euro, many of the countries probably would have devalued their national currencies, but that is not possible as long as they remain in the euro zone."
Quote from ASusilovic:
Japan was/is/and will always be a currency manipulating country. Don´t believe anything what central bankers and politicians are publicly "announcing".
Japanese central bankers and politicians are direct helpers of Japanese banks "currency policies". Over 200% debt/GDP ratio and YEN regarded as "safe haven"? Tell this your grandmother.
Please! All countries with their own central banks are currency manipulating countries. Japan has no lock on this.