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Euro Is Permanent Economic Drain For Germany

6:50pm UK, Tuesday 24 July 2012
Ed Conway Economics Editor

As the euro crisis rumbles on, the prospect of Spain receiving a full-scale bailout looks increasingly likely.

http://news.sky.com/story/964486/euro-is-permanent-economic-drain-for-germany

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Added: Jul-24-2012 Occurred On: Jul-24-2012
By: gemini
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Tags: eurozone
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  • glad i live in one of the three countries that opted to stay out of the euro, allthough we are heavily reliant on our export to Germany, so it does effect us as well.

    it's disgusting how responsible hard working honest people in Finland and Germany have to pay for the utter failure of piss poor fiscal responsibility of others in the euro zone.

    We should disband the european union and enter mutually benefitial trade agreements with nations with good fiscal discipline.

    Posted Jul-24-2012 By 

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    • @Kasmackba EU and Euro has been a two-fold thing for Finland. It has brought us closer to the other Europe in a ways that wouldn't been possible pre-EU time. It has also brought the much needed stability to our currency which in turn has given us possibility to continue developing a strong, modern economy with steady growth. Now the bailouts are undoubtedly the flip side.

      Anyhow, whatever happens in the future, Finland has two advantages compared to other Euro countries - our economy is still More..

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  • Germany needs to dump those losers and stand on their own. Germans are smart hard workers....to Hell with the Hitler era...its looooong past.
    Rise again Germany!

    Posted Jul-24-2012 By 

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  • I'm fucking tired of Finland giving money to mediterranean countries as part of EFSF and future ESM, that will ruin our own economy too. Euro is not working as a currency. Our money is given practically as a gift to countries with lower tax rates and high underground economy. The only working way is to subject the Euro countries under the same central government and suppress them into federal states as in US. I'm pretty sure the Euro will come apart before anything like that is happening. And wh More..

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  • Comment of user 'ixtlanas' has been deleted by author (after account deletion)!
  • YOU WANTED IT. YOU VOTED FOR IT. DEAL WITH IT.

    Posted Jul-24-2012 By 

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    • Comment of user 'MB-UK' has been deleted by author (after account deletion)!
    • @para001 Actually you should not exclude yourself since if Euro collapses, England will be the biggest sufferer outside Eurozone.

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    • @sweetharmony I think your wrong there my friend. Dont belive what the papers say. We can still trade just above the water and save millions in the uk if were not in the EU.

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    • @MB-UK Who didnt vote for it? I was in france when they wanted it years back as did some others.

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    • Comment of user 'MB-UK' has been deleted by author (after account deletion)!
  • we have known all along the Euro would colapse

    Posted Jul-24-2012 By 

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  • That's a turning point. It won't be long until the taboo issue is out in the open since it's been talked about for quite a while now and no amount of wishful thinking will make the problems go away. The sooner the better.

    Posted Jul-24-2012 By 

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    • @khamomil Are you talking about the degrading of Euro, deep recession in Europe & North America and the rise of Asia and the industrial countries of South America?

      Posted Jul-24-2012 By 

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    • @sweetharmony No, about the end of the € currency.

      Posted Jul-24-2012 By 

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    • @khamomil It's pretty much the same thing. There is no controlled way to get rid of Euro - not anymore at this point.

      Posted Jul-24-2012 By 

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    • @sweetharmony Yes but in talks about the EU crisis and the bailouts of Greece and Spain etc. the elephant in the room is these countries leaving the € and all the other € countries forming a line to the Exit, but it hasn't been discussed by *any official* so far, only commentators, spokespersons, advocates etc. The party line is that it's out of the question to leave the €.

      Posted Jul-25-2012 By 

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  • it should never have been introduced in the first place, it was a tool to force political union and cohesion - which did not and does not exist. Certain people should be hanging from lampposts around London and Europe, I would not even give them the usual choice - it'd be straight out with the piano-wire...

    Posted Jul-24-2012 By 

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  • With all this shit and Syria civil war Armageddon is around the corner.

    Posted Jul-24-2012 By 

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  • Ha Ha no surprise from the other side of the pond. The EU is a socialist club and socialist suck everything dry.

    Posted Jul-24-2012 By 

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  • USA didn't have it easy either.... United is hard

    Posted Jul-24-2012 By 

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  • Give up on it already.

    Posted Jul-25-2012 By 

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  • Comment of user 'FrankFrimann' has been deleted by author (after account deletion)!
  • Clara will we meet again?

    http://www.lowbird.com/data/images/2012/05/570e81be8a.jpg

    Posted Jul-24-2012 By 

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  • Liberalism is the problem.
    Voting the stunned Cunt's out of office is the solution.

    Posted Jul-24-2012 By 

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    • @Dave556 Unhealthy capitalism (read: greed) is the problem. Bank sector is leading our politicians in a string. If something is too big to let it fall down in order to keep our current monetary system working, they can ask and get practically anything they want.

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  • I'm pretty sure I've got a credit rating of 1 as well. I just re-invest it into my own property. It makes for large tax write-offs. Never fear Brits, it spews back into the same country. And now for the Olympics. I've got one of those vacuums that doesn't lose suction.

    Posted Jul-24-2012 By 

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  • LOL @ the euro

    Posted Jul-24-2012 By 

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  • Germany fought to dominate Europe for decades. They didn't win politically, but largely did economically. Not workin' out so well for them, at the moment...

    Posted Jul-24-2012 By 

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    • @Ally_Gator Well, they are still doing much better than many other countries including yours. Germany has still an AAA-rating from all of the big three and the outlook was changed from stable to negative only recently. No western country will remain unaffected from this mess. Well, maybe Switzerland and Norway but they are exceptions (as long as people need their drugs and oil).

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    • @Ally_Gator

      "Germany fought to dominate Europe for decades."

      Decades? So how many CENTURIES did the Romans fight for domination? The French? The Russians? The English? The Hungarians? The Turks?

      I guess you didn't learn much about European history ..

      Posted Jul-25-2012 By 

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    • @coldarchon
      Up your ass! The article was about the fact that GERMANY was going to be drained by taking the financial lead in Europe in the last 30 years.

      Maybe you can tie that to the Goths, Visigoths, Huns, and Aryans - write about it if you want to...

      Posted Jul-25-2012 By 

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  • Who the fuck asked the Brits for any comment? They seem to be the only ones constantly badmouthing the Euro. They got their precious pound so why don't they fuck off already and mind their own shit?! Little weasels.

    Posted Jul-24-2012 By 

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    • Comment of user 'MB-UK' has been deleted by author (after account deletion)!
    • @MB-UK Last time i checked England was part of Europe instead of being a separate continent. On the other hand, Spain by itself does not equal the whole Europe. There is countries that have done well with their economies and now we have to pay the bill which is wrong.

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