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Well, I'm German and I predict a break-up of the Eurozone within the next five years. Austerity measures will lead to riots and more instability in the European Periphery. Therefore tearing the Union apart. It would be the best for Germany to just leave the Euro and let it collapse. Yet this is not in the Germany mentality to do this. Germany will not be the country which destroyed the Euro considering it's past. For Germany it's all the way to the Euro-Endsieg.
i am surprised that more germans don't want to leave the euro, or do they?
But in Germany it's not PC to advocate for a return of the Deutschmark, the nazi card is usually played out very fast.
Mainstream Opinion in Germany is that if Germany would leave the Euro, that there would be war Europe once again. Because according to mainstream opinion the EU project was started so that Germany wouldn't grow to big. Because you know deep down Germans are Nazis and if they grow to big they will go around plunder the rest of Europe again. Always keep in mind that there wasn't a single European country that supported German Unification.
Well, I'm German and I predict a break-up of the Eurozone within the next five years. Austerity measures will lead to riots and more instability in the European Periphery. Therefore tearing the Union apart. It would be the best for Germany to just leave the Euro and let it collapse. Yet this is not in the Germany mentality to do this. Germany will not be the country which destroyed the Euro considering it's past. For Germany it's all the way to the Euro-Endsieg.
This is actually the reason some member countries have hinted to Finland that they should mention the possibility of leaving. Finland is economically strong, yet small enough to not harm then union as whole, ifnthey left, but if they bring up the issue of leaving euro, it could send a strong enough message to the rest. If Germany departed, it would bring down the whole system and probably the entire EU economy, which in turn would take down the German economy.
Truth be told, it's in Germany's long term interest to keep the Euro.
Those are your customers of your products you are hoping to shame and blame for mismanagement.
You can get satisfaction from letting them suffer, but you'll be adding misery to your own economy.
Yes they are our customers. But why export to them? We are actually paying them to buy our products. That doesn't make much sense. It would make much more sense for Germany to return to the Deutschmark and export less but actually being paid.
It's not in Germany's interest to keep the Euro. In the long-term the Euro will bankrupt Germany and destroy it's economy.
The IFO Institute located in Munich has hit the nail on the head.
This is actually the reason some member countries have hinted to Finland that they should mention the possibility of leaving. Finland is economically strong, yet small enough to not harm then union as whole, ifnthey left, but if they bring up the issue of leaving euro, it could send a strong enough message to the rest. If Germany departed, it would bring down the whole system and probably the entire EU economy, which in turn would take down the German economy.
Yes, if Germany would threaten to leave the Eurozone it would create Chaos in Financial Markets. But you are wrong that if the Euro would break-up it only would impact Germany and Europe. A break-up of the Eurozone would trigger a kind of Global Depression that would make the Great Depression look like a nice picnic.
Yes, if Germany would threaten to leave the Eurozone it would create Chaos in Financial Markets. But you are wrong that if the Euro would break-up it only would impact Germany and Europe. A break-up of the Eurozone would trigger a kind of Global Depression that would make the Great Depression look like a nice picnic.
I said it would impact all of Europe, I didn't say it would not impact anyone else. In global economy everyone is linked, and the US collapse is a good example where everyone was affected by struggles of one country.
I do not think it would cause a global depression though. Why would it?
I said it would impact all of Europe, I didn't say it would not impact anyone else. In global economy everyone is linked, and the US collapse is a good example where everyone was affected by struggles of one country.
I do not think it would cause a global depression though. Why would it?
I would say that if the 25% of global Economy collapses and considering the exposure of American Banks in the Eurozone it would trigger a Global Depression. Banks would fail on a Grand Scale. The International Banking would collapse just like it was about in 2008. Only difference is that this time around Countries won't be able to bail them out. But Global Depression will come either way. Take a look at balance sheets of to big to fail banks. The Financial System has come to an end and once again will need a painful reset.
I would say that if the 25% of global Economy collapses and considering the exposure of American Banks in the Eurozone it would trigger a Global Depression. Banks would fail on a Grand Scale. The International Banking would collapse just like it was about in 2008. Only difference is that this time around Countries won't be able to bail them out. But Global Depression will come either way. Take a look at balance sheets of to big to fail banks. The Financial System has come to an end and once again will need a painful reset.
I do not think the end of euro equates to collapse of EU economies. Again, why would it?
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