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Subject: Should Germany drop the Euro?!

2012-06-08 01:37:32
I don't see what you are trying to say?

This is capitalism, the people go to the country where they can earn the most money if they are given the chance. The Euro made this in Europe even more significant. If Italy or any other country could provide jobs paid as well as in Germany, it would not matter.

btw: higher educated Germans go to Switzerland because of the same reason. Just that Switzerland is rather small and the fluctuation is not as big.

This is simply how the business world works.
2012-06-11 14:25:56
I don't see what you are trying to say?

the first graph tell it all.
the emigration/immigration it's obviously a conseguence of it.
The question is WHY Germany economy still grows in times of crisis for entire europe?
2012-06-11 16:24:26
Drive 10 years lancia and 10 years mercedes and you can tell the difference:P
2012-06-11 16:37:12
LOL :D
2012-06-11 16:39:58
But seriously I think leading technology and high quality in some important arears might have to do with it.
(edited)
2012-06-11 16:41:36
10 years of Mercedes will cost you 5 times more on repair costs. Thats how you keep the economy running? :P
2012-06-11 16:53:36
But seriously I think leading technology and high quality in some important arears might have to do with it.

you were serious?!?!
euro is the answer,
germany needed a protected market to sell his product, with a stabile inflaction.
The other economies don't need a NO inflaction politic!
2012-06-11 20:31:31
German export economy was way succesfull before the euro, if you want to check that out yourself.

Not joining the euro was the better idea back then, but now leaving it wouldnt be wise either. Situatio has changed.
but now leaving it wouldnt be wise either

It would. Keeping up appearances like the Eurozone is doing now isn't very wise. The current system of the Euro is not sustainable. If you like it or not. So two options: a radical change of the system or leaving the system for what it its. Not making a choice is only going to make the crisis longer, and eventually deeper when the Euro falls.
2012-06-12 08:26:40
German export economy was way succesfull before the euro, if you want to check that out yourself.

the graph I posted say something different.

edit: look at the differences
(edited)
2012-06-12 11:20:25
I am talking about exports, dont see any figues on that in your statistic.

Wil be much worse for europe if germany leaves now, including germany itself idf you ask me.

But yes the system does need a change, we do need a real political union and financial union.
2012-06-12 11:37:54
Current account balance has 2 sides: import and export. Having a positive balance only means that a country is able to produce more goods and services than it needs by itself and that those that it produces for export are competitive enough to be marketed abroad.

The German ability to maintain a positive balance during recession only shows that Germans were able to give up more on the import products than the countries buying their products were. So, the bottom line really is that Germans easily give up on buying a Lancia while Italians don't want to give up on having a Mercedes.

Amateur economists always overestimate the power of monetary politics on the economy. And in the end it all comes down to competitiveness and cost efectiveness. Cost/benefit always tells it all. Euro or Mark or Lira, the question is always the same: "How good is your product and how much it costs you to make it?" If the answer is "excellent and not much", you don't really care about the currency in which you will be selling it.
Exactly, this is inevitable. Only cowards propagate different "solutions". Step back is never a solution. It's only buying even more time to not make it.

Fiscal union is the way to go and this needs to be done. I really don't understand why are governments so afraid of having to work their budgets within certain limits. Dishonesty is the only reason I can think of.
And apart from the economical situation, I simply dont want to have the european thought fail, its not all about money only.

For some smaller and poorer countries it obviously was and still is, but the founders didnt really need to have this europe just for the sake of more money. The mainthought was to have more freedom for everyone and better european understanding of each other so that WWI or WWII would not be repeated.
Exactly. That's what's important. It's never about the money even when the money is the only topic. The original idea of EU is what should drive the whole deal and not the economical issues. They only need to be adapted in a way that is most fair and ideal for everyone involved. And this can only be done by trustworthy approach. No good solutions will ever be reached if there are constant accusations about others working on their own agenda. Economic and political instability and insecurity that we have right now is the worst possible price and it's paid by everyone. Not to mention what could be the aftermath if the situation escalates.

I really don't understand how can anyone be against the monetary union combined with a strict fiscal discipline rules equal for everyone. The benefits of common currency are enormous and it is crucial for every country that its government spends within sustainable limits. These are both good things. Monetary union without strict fiscal discipline is like a piggy bank for the irresponsible. It's tragically absurd how anyone ever thought that it could work without it.