If you bother reading that post rather than using it as opportunity to attack me, you might noticed this link,Originally Posted by Simbo67
Free Internet Press :: A Greek Tragedy - Should The E.U. Save Greece From Bankruptcy? :: Uncensored News For Real People
That thread contains commentary and links concerning Geramny's position back in December so it is relavant.
And so what if there is a spelling mistake? Its a forum ffs.
"No one rules if no one obeys" - Tao
As I read it, Germany are putting maximum pressure on Greece to deliver actual hairshirt results. Once Greece has established its credentials, this minimises actual risk, and minimises the need for supporting measures.
There's a longer game being played here. If the Eurozone shoots its bolt on Greece in return for half-assed reform, the next country in the crosshairs will be even more exposed.
The message is going out to all PIGS. If you want to stay in the Eurozone, you've got to pull your weight, and reform is an absolute prerequisite. The Eurozone has to be capable of staving off attacks on bigger countries than Greece!
The conspiracy types are noticing that all this hype is causing the cash registers at german firms to go "bing!" with great rapidity!
Turns out that when the Euro falls, German orders go up because their goods have suddenly become cheaper. Who'd a guessed?
I don't think there's any great conspiracy going on, I just reckon Merkel has said to herself "Hmm, every time I and one of my underlings says something stupid, racist and offensive about olive-skinned people, and it gets reported on page one of that pink newspaper for swindlers, our tax receipts beef up very nicely. Best carry on doing that then."
When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?
You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
The Germans want a strong euro. It keeps imports cheap. German exports are high end technology that sell due to quality not price.
Hey, sorry for being so petty here, but I'm heading, with she who must be obeyed and the kids to Greece on holidays in June.... If the IMF are in place by then, what's the story? Would it effect holiday makers?
I might have appointed somebody but I appointed them because they were friends, em, not because of anything they had given me..... (Brian Dobson interview with Bertie Ahern, September 27, 2006 )
Well if the IMF goes through the civil service like a dose of salts, you might have airport strikes and riots to contend with! But in reality, it's unlikely. My guess is that in June it'll still be business as usual.
Exactly.
And the Germans also appreciate the point that a reasonably strong Euro keeps a lid on inflation, and a continued impetus to compete with cheaper manufacturers in other parts of the world. The last thing the Eurozone needs is conditions which cause wages to go up substantially. The Eurozone economies should be encouraging measures which keep wages in check for the next decade and, if necessary, beyond.
Remember, Germany is a country which knows what it takes to compete internationally. Unlike countries like Ireland, Spain etc. which reckon borrowing cheap money because it's there is an economic fundamental.
Just take a ferry back to Beirut where it will be safer
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We could do with a weaker Euro anyway to boost Irish exports. On the other hand it would eventually mean inflation - particularly in our own country which probably buys half its imports from the US and UK. And with inflation comes higher interest rates from the ECB. Is our recent economic history about to repeat itself? Will the elites never learn?
Last edited by FutureTaoiseach; 21st March 2010 at 12:51 AM.
Beirut is a lovely city.
A poster of some consequence...
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