A topical video in the light of Germany's current economic situation and the rest of the EU.
www.youtube.com/watch?NR=1&v=qWXTdN4kOKA
Not too serious a discussion for this forum, I hope.
Ted
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In defence of German economics...
- German bonds will return about 2%
- Italian bonds over 7%
If you can risk the Italian bonds then which has the better return?
I know the Italian ones are more risky - but if they go down the pan....
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You know that worthless money that comes with the game of Monopoly?
That the Euro in 6 months time, that is.
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The opposite is likely to be true. If Greece Italy and other trouble economies leave the Euro it is likely that that the Euro will be become the currency of Germany Netherelands and a few other economically sound states. The value of this Euros will soar, pricing Germany out of export markets.
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Where do Euros come from? Who decides how many to print?
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>> If Greece Italy and other trouble economies leave the Euro
If that indeed happens, then your analysis is faultless. For the sake of damage limitation for the UK's, I hope that you are right.
But precisely for the reason that you state, Germany will try to make the Euro work to the bitter end - until the whole thing splits apart. Despite what the eurosceptics may say, this is very bad for the UK.
But what can we do? We who are about to die salute EU.
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German domestic policy. - rtj70
