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Actually, it is the other way around. With the Euro, the Germans got an undervalued currency compared to the Deutschmark. But other countries got an overvalued currency compared to the Lire, Drachma, Peseta, etc.. The effect was to weaken other countries at the expense of Germany.
Not sure that this was intended but it is what has happened in practice. The sovereign debt crisis is a direct result of this. Now Germany finds herself in a position where the Euro is in crisis and she (plus Benelux) is the only one that can afford to bail it out. They tried to get everyone else to pay up. Britain was the only country to say 'no' but others have been quietly saying it subsequently.
Actually, what Britain said was what would she get in return for paying up. Sarkozy and Merkel wanted a blank check. That was never going to happen.
The other countries could borrow money on a way lower rate than they could without the euro. So they were leeching of Germany. So Germany got a undervalued currency, that's great for businesses not for the average German. Their buying power diminishes. And the UK always want the EU to protect London as a financial center, without anything given in return. The Brits want a blank check. Not going to happen anymore. It's either the UK works with the EU on policies or the UK will be isolated. The rest of Europe is fed up with the UK.
Your arguments are absolute non sense. But believe what you want, i couldn't care either way.
Huh? To recap, you claim the French threatened to thwart unification, yet you fail to explain, how any of the four could have stopped it, even with a veto.
Next you claim the Bund was in on it, yet you provide no evidence, not even a slim reed. Mmmmm, and you claim my arguments make no sense?
You make as much sense as he poor soul who started the thread. Oh wait........
Huh? To recap you claim the French threatened to thwart unification, yet you fail to explain, how any of the four could have stopped it, even with a veto.
Next you claim the Bund was in on it, yet you provide no evidence, not even a slim reed. Mmmmm, and you claim my arguments make no sense?
You make as much sense as he poor soul who started the thread. Oh wait........
I provided the link which proofs that it was a condition by the french. The Germans probably could have said no, but they didn't want to create any bad blood in Europe considering their past. Plus they wanted a swift unification and didn't want the single currency standing in the way. But if you don't believe the fact that is your choice, my poor soul.
The other countries could borrow money on a way lower rate than they could without the euro. So they were leeching of Germany. So Germany got a undervalued currency, that's great for businesses not for the average German. Their buying power diminishes. And the UK always want the EU to protect London as a financial center, without anything given in return. The Brits want a blank check. Not going to happen anymore. It's either the UK works with the EU on policies or the UK will be isolated. The rest of Europe is fed up with the UK.
You need to take some of the anger out of your discussion.
Of course Britain wants to protect London as a financial center. It is a vital national interest and probably important enough for Britain to pull out of the EU if needed.
Secondly, the UK has always worked with the EU on policies. Its just that the UK has not adopted the Euro and is not willing to help pay to bail it out. Almost all the other EU regulations in other areas have been adopted by the UK.
Third, the average German has done very well from the Euro as it has led to their export oriented economy booming. There were low interest rates with the Euro but everywhere else had low interest rates too. So they would probably have got them with or without the Euro.
You say the UK will be isolated. Is Switzerland isolated? Norway? And what will they be isolated from?
Lol, I think the poster has a persecution complex!
Yep, i'm persecuted by stupid threads.
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