Recently Greece renegotiated its debt and 60% or 70% of the debt was forgiven. That would be "default" under any financial analysis. If Germany signed a contract with Greece, it could expect more of the same. The Reserve Banks are tripping all over themselves to make sure nobody suggests that a default occured, but reality bites. The debate is framed to adjust perception to debt was forgiven not that it was defaulted. Perception is everything when currencies are supported by "confidence" and lack intrinsic substance, don't you think?
So after calling for 'facts to drive the debate' you immediately begin speculating and spreading more rumor.
Seems better than being driven into near bankruptcy by Greece.
There's a line behind Greece too with financial problems. Germany wouldn't be having these problems if not for the Euro.
The Euro was too grand an idea. It was trying to unite too many different economies and cultures together.
Printing one's own money is a huge mark of sovereignty;
giving it up to something as widely inept as the EU is really stupid.
Germany would do well to go back to their own currency and reject the Euro.
The EU as it is is doomed, the Euro, headed for the trashbin. Chaos, is looming on the horizon.
LOL I presented the facts and made a conclusion from that.. not my fault you dont like it. Not like Pippa gave any facts what so ever to back her claim up, at least I provided facts to back mine up.
The US is doomed, the dollar is heading to the trashbin.. Chaos is looming on the horizon.
Fixed it for you.. makes just as much sense as your drivel.
Don't come over here when you lose everything, I've already phone the INS to lock the door. :lamoThe US is doomed, the dollar is heading to the trashbin.. Chaos is looming on the horizon.
Fixed it for you.. makes just as much sense as your drivel.
Actually you didn't. It was speculation, gossip and rumors based on your speculation gossip and rumors,
Anyone can read the obvious.
Don't come over here when you lose everything, I've already phone the INS to lock the door. :lamo
So you are saying that I am wrong because I point out flaws in the OP post and the moron American economist who started these rumours? I am not speculating anything about the rumour it self. She came with the rumour and without proof. There is no factual evidence that it is true.. hence she is speculating and I am talking facts.
The only speculation I do is in an attempt to understand why this woman wanted to start and spread the rumour in the first place.. and even that was backed up by factual evidence of her political leaning and past work and words.
But what ever.. you have a comprehension problem it seems, so move along.
So the problems in Europe are nothing but "rumours"?
The fact is that you are talking rubbish and it's apparent to anyone who ever bothers reading your posts. You've been denying this problem for months, or longer, and blaming it all on the Americans when you do admit to a problem, just as do many goofy Europeans.
Europe is in another self made mess and it's your type that makes it that way. The smart people have already emigrated.
I just love reading your posts, PeteEU because they are so... 'European'. That is they tend to wander off in all directions hoping an answer to life's problem's will be stumbled upon somewhere along the way. Always uncertainty and never a clear philosophy. Simply a series of social experiments.
So the same guy who says also says
and
and
So after calling for 'facts to drive the debate' you immediately begin speculating and spreading more rumor.
Such is the mess in Europe, and there are strong indications it was ever thus.
If you were paying attention you would know that Pete was generally talking about the rumour about Germany printing marks, being taken up by other newscorp papers as being fact.
Pete then made suggestions as to the motives of the person who stated the rumour
If you were paying attention you would know that Pete was generally talking about the rumour about Germany printing marks, being taken up by other newscorp papers as being fact.
Pete then made suggestions as to the motives of the person who stated the rumour
Furthermore, I don't care if they print Deutsche Marks or Deutsche Bags... it isn't going to help. Europe is a prime example of how leftist economic models fail.
And you sir are a ....and have zero clue about Europe it seems. Do you even know where it is?
leftist economic models.. lol give me a freaking break. If anything it is Reagan/Thatcher economics we have been following in Europe for the last 30 years, just like the US. Not to mention that it was rightists who drove Greece over the edge, it was rightists who were in power in Italy, and rightists who were in power and allowed the Spanish building boom. It is also rightists that have been in power in Germany and France for the last decade and so on and so on.
They would be wise to exert total control over their own currency once again.
Europe's problem is simple. You spend money you don't have on social programs you don't need.
Your corporations are over-taxed and over-regulated so they are handicapped on the global market.
To add to the trouble, your governments are set up in such a way that it's impossible to get anything done.
You're flooded with immigrants because your birth rates are too low, and your countries are losing their sense of identity.
I don't think this story is a hoax. It's just about having your bases covered. The fact that they picked Germany is what tips me off to that it could be true.
If the EU were to abandon the Euro, the only way to really do it would be for the creditor nations (Germany) to break away from the currency first.
So we dont need unemployment insurance, education and healthcare?
It is not true that the mission of the law is to regulate our consciences, our ideas, our will, our education, our sentiments, our sentiments, our exchanges, our gifts, our enjoyments. Its mission is to prevent the rights of one from interfering with those of another, in any one of these things. Law, because it has force for its necessary sanction, can only have the domain of force, which is justice. - Frederic Bastiat
Socialism, like the old policy from which it emanates, confounds Government and society. And so, every time we object to a thing being done by Government, it concludes that we object to its being done at all. We disapprove of education by the State — then we are against education altogether. We object to a State religion — then we would have no religion at all. We object to an equality which is brought about by the State then we are against equality, etc., etc. They might as well accuse us of wishing men not to eat, because we object to the cultivation of corn by the State.
How is it that the strange idea of making the law produce what it does not contain — prosperity, in a positive sense, wealth, science, religion — should ever have gained ground in the political world? The modern politicians, particularly those of the Socialist school, found their different theories upon one common hypothesis; and surely a more strange, a more presumptuous notion, could never have entered a human brain.
They divide mankind into two parts. Men in general, except one, form the first; the politician himself forms the second, which is by far the most important. -Frederic Bastiat
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