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View Poll Results: Choose your overall favorite in the poll:
Italy 39 27.66%
Spain 36 25.53%
Germany 66 46.81%
Voters: 141. You may not vote on this poll

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Old 06-19-2012, 01:24 PM
 
6,219 posts, read 6,650,099 times
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Quote:
Originally Posted by the troubadour View Post
Germany never had the housing bubble due to excessive over building by corrupt get rich developers and ponzi schemes funded by banks.
In fact housing prices declined a little in Germany while all around bar Switzerland prices headed north. German banks came out very well from the mess though France had issues long back.

where do you think spanish , irish and portugese banks got their funding from , the answer is german and french banks , why else would greece matter , the eurozone was designed to create one big credit pot which would keep interest rates low , it also suited germany as the inclusion of weaker economys like greece and portugal kept the new DM low and competitive for germany exports , under the present set up , germany has most of the advantages , it has been the biggest benifactor of the euro project , the country was in rescession for fifteen years after reunification and had no domestic customer base for its banks , the euro gave german banks a whole new clientele and btw , germany has not bailed out the likes of ireland for example , the money germany borrows at 1% , it is lending to ireland at 5.8% , the money which ireland recieved from the ECB two years ago , the bulk of it went straight to zombie irish banks which was then paid out to german and french bondholders , it was funelled through the irish banking system back to germany while at the same time overloading irelands national debt , the situation is a lot more nuanced than the caricature of the squirell like germans and the sloth like irish and portugese

i only wish the irish goverment had let the banks collapse , let merkel frantically find a quick solution to the potential domino effect around europe , we should have done an iceland , we had more than enough resources to start again , the IMF have proved to be reasonable and patient , we should have dealt exclusivley with them , unfortunatley for us and fortunatley for germany , the irish political class bring new meaning to the term sycophancy when it comes to brussells

merkel = no bank must be allowed to fail

irish goverment = yes master
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Old 06-19-2012, 01:26 PM
 
6,219 posts, read 6,650,099 times
Reputation: 3751
Quote:
Originally Posted by the troubadour View Post
And most the bail out money required will come from which country?
no one knows what will happen

germany hasnt bailed out anyone yet , they have through the ECB lent money at over 5% to several countries , money they themselves borrowed at 1% , germany is making big money out of this crisis
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Old 06-19-2012, 01:29 PM
 
Location: Spain
195 posts, read 540,695 times
Reputation: 185
Quote:
Originally Posted by irish_bob View Post
no one knows what will happen

germany hasnt bailed out anyone yet , they have through the ECB lent money at over 5% to several countries , money they themselves borrowed at 1% , germany is making big money out of this crisis
That´s true
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Old 06-19-2012, 01:30 PM
 
6,219 posts, read 6,650,099 times
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Quote:
Originally Posted by cojoncillo View Post
Irish

Many posters are influenced by the Anglosaxon media. They haven't changed much in centuries.
PIIGS = Papists
Spain really messed things up sending the Armada during a storm. Had they landed, Cromwell would had not been born.

im acutely aware of the thinly veiled anti catholicism within that coined acronym PIIGS
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Old 06-19-2012, 01:34 PM
 
6,219 posts, read 6,650,099 times
Reputation: 3751
Quote:
Originally Posted by cojoncillo View Post
Irish

Many posters are influenced by the Anglosaxon media. They haven't changed much in centuries.
PIIGS = Papists
Spain really messed things up sending the Armada during a storm. Had they landed, Cromwell would had not been born.

ever heard of the year of the french , 1798 , the french came to help us fight the british but landed in the wrong part of the country , that defeat ensured the union of ireland with britain in some shape or form to this day
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Old 06-19-2012, 01:36 PM
 
546 posts, read 1,089,017 times
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Germany need us, PIIGS don't need Germany. We can always lay under an olive tree with a "botijo" (drinking jug with spout) while farming a few acres of produce. We only need an old motorcicle and bars to watch futboll. We don't need anything else. Irish can grow potatos, brew poteen and burn peat. We are used to that.
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Old 06-19-2012, 01:38 PM
 
6,219 posts, read 6,650,099 times
Reputation: 3751
Quote:
Originally Posted by cojoncillo View Post
Germany need us, PIIGS don't need Germany. We can always lay under an olive tree with a "botijo" (drinking jug with spout) while farming a few acres of produce. We only need an old motorcicle and bars to watch futboll. We don't need anything else. Irish can grow potatos, brew poteen and burn peat. We are used to that.

contary to popular belief , ireland is not a huge potatoe or corn producer , the uk produces a lot more , we do however produce alot of beef and dairy products

the old EEC was an ideal trading block between the nations of europe but that wasnt enough for germany , they itched to call the shots , hence the creation of the euro project , set up a credit union , flood the continent with cheap money while at the same time soaking industry from the former cheap currencys to the formerly strong currency zone of germany , result = a banking and construction bubble in the peripheral nations and when the inevitable happens , no industry is left to fill the void , ive said it before , why would anyone buy machinery made in italy in euro when they can buy machinery made in germany in euro

donald trump was on cnbc today saying a return to the lira in italy and the peso in italy is inevitable , bring it on i say , the spanish , italians and irish will simply have to put up with a reduced standard of living for a while but at least we can make our own future , ireland or italy are not and never will be germany
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Old 06-19-2012, 01:38 PM
 
546 posts, read 1,089,017 times
Reputation: 368
Quote:
Originally Posted by irish_bob View Post
ever heard of the year of the french , 1798 , the french came to help us fight the british but landed in the wrong part of the country , that defeat ensured the union of ireland with britain in some shape or form to this day

Spain also sent armies, two times, and sheltered Irish refugees. O'Donells are a typical Spanish last name now..
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Old 06-19-2012, 01:41 PM
 
546 posts, read 1,089,017 times
Reputation: 368
Quote:
Originally Posted by irish_bob View Post
contary to popular belief , ireland is not a huge potatoe or corn producer , the uk produces a lot more , we do however produce alot of beef and dairy products

I know, I buy Irish and Scottish beef.
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Old 06-19-2012, 02:13 PM
 
193 posts, read 604,443 times
Reputation: 232
Quote:
Originally Posted by cojoncillo View Post


The fastest growing Jewish population? Those Jews must be real crazy. Please, if any Jew living in Germany is reading this, leave. They need victims, once they finish with Turks or whoever they will go against you. Please, leave.
Look:

Welcome to the fastest-growing Jewish community in the world: Germany - Israel News | Haaretz Daily Newspaper

wikipedia:
Jews - Wikipedia, the free encyclopedia

Quote:
the fastest-growing Jewish community in the world, outside Israel, is the one in Germany, especially in Berlin, its capital. Tens of thousands of Jews from the former Eastern Bloc have settled in Germany since the fall of the Berlin Wall ..
Today's Germany is also more diverse, tolerant and multicultural than Spain. Just sayin'. But okay, Señor cojoncillo. Obviously you are too dumb to have a rational and enlightened discussion.
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