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Becoming non-EUnuch -> giving up your share of handouts.


southern 75 | 7,096
24 Feb 2012 #31
Europe misses a strong England to counter weight Germany.

English are no better than Germans.At least Germans speak out of their teeth.The problem of Greece is internal just exacerbated by external factors.
modafinil - | 418
24 Feb 2012 #32
.At least Germans speak out of their teeth.

I take pride in my sonorous flatulence!
delphiandomine 88 | 18,454
24 Feb 2012 #33
For instance produce, if I can buy lettuce from Poland when the zloty is 0.30 to the dollar why buy from Greece when the Euro is 1.30 to the dollar. I can buy a lot more Polish lettuce with that exchange rate.

However, it doesn't work like that in practice - most European currencies (except the Pound and the Swiss Franc) tend to rise and fall along with the Euro. So while Polish lettuce might be cheaper now, it's due to lower labour costs, not because of being outside the Euro.

Europe misses a strong England to counter weight Germany.

Why does Germany need a counterweight?
southern 75 | 7,096
25 Feb 2012 #34
The problem of euro was that it allowed easy bowworing with low interest rates which were supposed to be for the German industry.Our politicians put their hand in the honey box and turned it to ****.

By borrowing easily they have put incompetent persons in mass in every position so productivity has declined to a minimum.Withdrawal of low interest loans and hesitance of Germans to lend revealed the magnitude of the problem.The real problem is the low productivity(allowed by the euro).
PlasticPole 7 | 2,650
25 Feb 2012 #35
The Greeks can work their way out of this mess.
Meathead 5 | 497
25 Feb 2012 #36
Not without going back to the Drachma.

Here's explanation of a strong currency and what it does to an economy:

idahostatesman.com/2011/12/23/1928003/economist-ed-lotterman-says-a.html


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