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 Post subject: Why Germany should be forced to bail out Italy & Greece
PostPosted: Sun Nov 20, 2011 9:01 pm 
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Interesting... Any thoughts?
http://www.businessinsider.com/why-germany-should-bail-out-italy-and-greece-2011-11

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 Post subject: Re: Why Germany should be forced to bail out Italy & Greece
PostPosted: Sun Nov 20, 2011 9:10 pm 
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Economics student intern in my workplace when discussing the euro was quick to point out that Germany got a weak currency in the Euro which helped competitiveness.
It hadn't registered with me properly before that the Euro was a "relatively" weak currency because I looked at it as a stronger currency that the Punt where in my lifetime I'd seen devaluations and we wanted something stronger so that "imports" of all those nice products that we don't make ourselves would be more affordable.
I think Germany will continue to try to keep "their" currency weaker than before but without having to try to rely upon basketcases showing uncharacteristic responsibility. How that will work I don't know; they could throw the basketcases out or else try to enforce greater federalism.


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