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Should Germany leave the Euro Zone?

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Malone
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Post: #1
Should Germany leave the Euro Zone?

The British Telegraph published a detailed article with the suggestion that Germany should leave the currency union or rearrange its politics or transfer large sums to the weaker countries (what can't be done, as we Germans wouldn't put up with that).

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German policymakers should take a pragmatic look at the situation. On the one hand the only way to save the euro (without forcing out the Mediterraneans) is to make it a transfer union. They would have to absorb enormous long-term costs to support their weaker siblings – either in terms of inflation or simple cash transfers. It would be a slow-motion long-term bail-out of even greater scale than the recent emergency infusions. And even this does not rule out the short-term prospect of default.


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19.06.2011 23:33
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OVERSIER
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Post: #2
RE: Should Germany leave the Euro Zone?

Malone Wrote:
The British Telegraph published a detailed article with the suggestion that Germany should leave the currency union or rearrange its politics or transfer large sums to the weaker countries (what can't be done, as we Germans wouldn't put up with that).

Quote:
German policymakers should take a pragmatic look at the situation. On the one hand the only way to save the euro (without forcing out the Mediterraneans) is to make it a transfer union. They would have to absorb enormous long-term costs to support their weaker siblings – either in terms of inflation or simple cash transfers. It would be a slow-motion long-term bail-out of even greater scale than the recent emergency infusions. And even this does not rule out the short-term prospect of default.


Since Germany had a massive influense over the Euro zone because of its population (biggest in Euro zone) it used that to manipulate European unions polecies to benefit itselve . most of the states in the mediteranian are in trouble because of the industry limitations and agrocultureal policies which have taken massive lumps of profit away from those states . It should be only fair since Germany together with western states caused the problems for them to fix this .


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19.06.2011 23:39
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Alexei B.Miller
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Vlaxia
Post: #3
RE: Should Germany leave the Euro Zone?

If you want a large tremor through the global economic systems be my guest. Otherwise the Eurozone despite it's short-term problem is a global powerhouse and needs to be preserved. Not calling this post stupid but the idea of Germany withdrawing is entirely silly to me. The Bundestag has too much invested in this thing to just pull out. Have we remind you again that Germany is the Engine pulling the train that is Europe along with France of course. France without a doubt cannot run the Zone alone and without Germany I'm positive the Euro Zone would collapse. This sould be good for the dollar but terrible for the yuan and rouble. So please let's be optimistic and try to put in leaders who can do a good job. Not positive about Sarkozy, but Merkel is a powerballer she will pull her country through the muck just give her another term.


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19.06.2011 23:49
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Helsworth
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Post: #4
RE: Should Germany leave the Euro Zone?

The euro is already bankrupt. The EU countries need to be freed from the shackles of the Maastricht treaty. Germany should return to the D-mark.


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20.06.2011 07:21
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Alexei B.Miller
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Vlaxia
Post: #5
RE: Should Germany leave the Euro Zone?

They AGREED to it, it's not like the United States where the individual states have little choice but to accept Federal Clauses the EU nations are still sovereign and weren't 'forced' to do anything. As much as it would help in the ultra long term Germany won't be seeing the D-Mark anytime soon it's too costly to convert Germany's vast euro holdings into a currency whose interim value will be faceless! The EU has too much of burden between the cost of PIGS, Gazprom Smile, and Libya to even think about something as frivolous as currency revert.

Besides they can have autonomy. The European Central Bank would merely have to relinquish it's jurisdiction over Germany or the Bundestag could easily elevate the domestic central bank to 'governing bank' status. I'm not going into what processes they would take over it's obvious. I will say again the EZ the EU nations are not 'shackled' to anything look at the UK. They have their currency and are doing just as bad as other EU countries. The change should be in membership. Kick out those pesky pigs until they fix their problems. Slap up the interest rate (yes it will stem growth but at guarantee that euro will be safe). All of this can be done without inflation. Damn i'm good!


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20.06.2011 07:36
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Helsworth
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Post: #6
RE: Should Germany leave the Euro Zone?

Alexei B.Miller Wrote:
They AGREED to it, it's not like the United States where the individual states have little choice but to accept Federal Clauses the EU nations are still sovereign and weren't 'forced' to do anything. As much as it would help in the ultra long term Germany won't be seeing the D-Mark anytime soon it's too costly to convert Germany's vast euro holdings into a currency whose interim value will be faceless! The EU has too much of burden between the cost of PIGS, Gazprom Smile, and Libya to even think about something as frivolous as currency revert.

Besides they can have autonomy. The European Central Bank would merely have to relinquish it's jurisdiction over Germany or the Bundestag could easily elevate the domestic central bank to 'governing bank' status. I'm not going into what processes they would take over it's obvious. I will say again the EZ the EU nations are not 'shackled' to anything look at the UK. They have their currency and are doing just as bad as other EU countries. The change should be in membership. Kick out those pesky pigs until they fix their problems. Slap up the interest rate (yes it will stem growth but at guarantee that euro will be safe). All of this can be done without inflation. Damn i'm good!

What gave value to the d-mark was german exports, their quality and the known tradition of german engineering. I can assure you that there would be a lot of demand for the d-mark if the political process behind it was serious and determined. In Article 103 of the Maastricht Treaty, it states that “any ... type of credit facility with the ECB or with the central banks of the Member States ... in favor of Community institutions or bodies, central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of Member States shall be prohibited.” Article 104a further specifies that private banks are not permitted to provide credit to governments and other public institutions at discounted rates.
The member states can't form and direct capital much needed for the physical economy in order to kick off a relaunch. During this kind of breakedown crisis the Maastricht treaty is a shackle.


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This post was last modified: 20.06.2011 12:01 by Helsworth.

20.06.2011 10:15
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Globaltom
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Suedparadies
Post: #7
RE: Should Germany leave the Euro Zone?

Never, only Nazis and other revisionists want the DM back.

The old warranty is gone, we will have to invent a new Mark
That will necess an expense that is not less than just
supporting countries like Greece.


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20.06.2011 13:16
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Helsworth
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Post: #8
RE: Should Germany leave the Euro Zone?

Globaltom Wrote:
Never, only Nazis and other revisionists want the DM back.

LOL, you're one poor soul.


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20.06.2011 13:37
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Globaltom
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Suedparadies
Post: #9
RE: Should Germany leave the Euro Zone?

Helsworth Wrote:

Globaltom Wrote:
Never, only Nazis and other revisionists want the DM back.

LOL, you're one poor soul.

No deffinitly not schmoll

But whitch parties want the DM most?
Small ones like NPD , REP , DKP and so on



bzw. what are you MLPD ?


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This post was last modified: 20.06.2011 13:42 by Globaltom.

20.06.2011 13:41
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Helsworth
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Post: #10
RE: Should Germany leave the Euro Zone?

Fuck the parties, it's about retaining economic sovereignty from a bankrupt currency and superstate institution such as the ECB. Listen to the people and what they want. Those who serve to protect the inter alpha group and its fake and illegitimate claims and debts at the expense of the people are the real nazis who want to commit genocide against the world.


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20.06.2011 13:57
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