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Old 05-07-2012, 03:22 PM
Kupsised Kupsised is offline
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Quote:
Originally Posted by Kongo-Otto View Post
Well if you ask me, i would say switch back to the Deutsch Mark as soon as possible, or kick out Greece from the Euro and let them have their Drachma again and of course no more bail outs for Greece or any other State!
There is absolutely no explanation for why the hard working German worker should pay the bills for other governments who lied, frauded and cheated since they came to the euro zone.
There is a fairly simple explanation, the German economy relies on the Euro and would lose a lot of trade without it. Therefore, the German economy relies on the Euro being strong which, in turn, means bailing Greece out because the Euro is partially dependant on the Greek economy. I agree that perhaps Greece shouldn't have been let into the Euro, but the amount of money Germany puts in to the bailouts is because the German economy is the most reliant, and very strongly reliant, on the Euro because it is very reliant on a high amount of exports within the Eurozone and the EU . No Euro = Less people buying German goods due to exchange rates and comission = less money for German businesses = less jobs in Germany = less economic growth, or even economic contraction.

Contrary to popular belief (and general appearance), politicians aren't stupid and wouldn't do something as big as the bailouts unless it was in their country's interests to do it.
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