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Merkel remains opposed to Eurobonds, addresses Bundestag (German)
German Chancellor Angela Merkel on Friday told the German parliament, the Bundestag, that she continues to oppose a common financing of government debts ...
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Northen Nord
commented
on 02 Jan 2016
Say hello to the single destroyer of the German people. Not Stalin with the
mass rapes of Berlin or Hitler sending the young off to die, but this
rotten, senile demonic pig who decided to literally open the flood gates
into Europe and accept over 1 MILLION African and Arab young men in just 1
year, which is 2% of the German population. This will be irreversible and
will culturally and ethnically TRANSFORM Germany, with brutal civil war
being almost inevitable.
She is a Jews best friend for finally extinguishing the native bloodline in
the motherland of Germany. Europeans and Germans need to fight to survive
as an ethnic group or simply perish and be remembered only in history books
as the most pathetic, naive, cowardly generation who broke the link of 10
thousand years of Germanic bloodlines by getting all your women impregnated
by African and Arab men as you're infected with crippling sickly
white-guilt like a cancer eating away at its host.
Wobbegong
commented
on 02 Dec 2011
Dem Trittin und den anderen Roten die einfach mal nix tun außer zu stören
hätte man mal eine klatschen sollen. Jetzt wo sie die opposition stellen
labern sie alle von der Notwendigkeit europäischen Schuldensozialismus.
Aber falls der GAU eintritt und Trittin oder Gabriel Kanzler werden, dann
werden sie entweder mit dem Schwachsinn aufhören, oder Deutschland in
schändlichem Verrat verschachern, so dass man glauben könnte die Indianer
hättem baum Verkauf von Manhattan ein gutes Geschäft gemacht.
BarrieBusesandTrains
commented
on 03 Dec 2011
@Athenaikos hey! It's not my fault that your society didn't pay her bills,
while the government enabled it! Instead of GETTING THE PUBLIC TO PAY IT'S
SHARE, it decided to borrow money to keep this unsustainable system going.
And like I said, the whole world's paying for it! Your cuntry is like a
drunk broad who took daddy's credit card and never told him about owing
$2500 for whatever shit she bought! Now Daddy's found out about your debt -
and he's pissed! YOU HAVE TO AFFORD WHAT YOU BUY!
Wobbegong
commented
on 11 Dec 2011
@Nubx8 Well Merkel is trying deperately to change the treaty in a way the
european level can actually for the first time ever do more than just
complaining. She tries to increase european integration to a level where
the european constitutions can actually do something if a member state
breaks the rules. This is necesaary lest we want the stability packt to
stay the lame joke it was until now. And she pushes for structural reforms
in the piigs which would save money without austerity
Wobbegong
commented
on 03 Dec 2011
@Athenaikos Really world class.... with an innovation count per head and
year of just 1/100 of the german value.. just like egypt or pakistan. And
our industrial capacity allows us to negociate head to head with south
Korea, the USA or russia, while greece can barely do anything except
pleading by now. And as soon as the efsf is drained you will realize that
everyone has to pay back their dept at some point.then you may chose
between hard work and starvation while we keep flourishing
Wobbegong
commented
on 03 Dec 2011
@Athenaikos We should stick to english in order to give google translator a
rest. Well What should we do? According to you putting the best 30% of
european economy under the command of the very worst 2% would be a
solution. Well no! This won't work and this won't happen. And for building
toasters: German engineers have created some of the most important
inventions of human history such as the car or the computer. Well how many
world class companies are located in greece? ah yes NONE
Wobbegong
commented
on 02 Dec 2011
@Athenaikos Well what is the all mighty all for free solution then? how
does it copme that you aren't minister of finance? If you are such a
genius? Perhaps you are just one of those people who are unable of simple
mathematics and thus think that eurobonds or turning the ecb from a
credible bank to a joke like the fed would be a solution instead of an
additional problem. I read economical newspapers on a daily basis and none
of them was foolish enough to claim knowing THE solution.
Wobbegong
commented
on 11 Dec 2011
@JeanMaria93 Growth is indeed essential. But in order to achieve growth the
structural circumstances have to be fitting, which they arent. There is no
sense at all in fueling a failing system with more money and thus
prolonging the failure. The austerity pack on the other hand is a misguided
policy from the time when the european leaders fooled each other into
thinking that reforms were not necessary and now they are forced to do does
reforms at break neck speed (in germany aswell)
Wobbegong
commented
on 03 Dec 2011
@Highwaycrazy Well austerity has to be accompanied by structural reforms.
The british and americans tryed to flood their markets with money in order
to grow their way out, they failed. They have higher unemployment, lower
growth and less competitiveness. Forcing a central bank to buy foul dept
always leads to moral hazard and results not only in inflation but also in
a loss of competitiveness. Structural reforms on the other hand gain the
trust of private investors, reduce cost etc
JeanMaria93
commented
on 11 Dec 2011
@BugMagnet Ah,I love this,let's remind the world how feckless the Greeks
are,shall we?Those rescue packages are only administered so that Greece can
honour its debts,so it's stupid to link them with the Marshall plan.But
it's easy to criticize when your economy doesn't celebrate its fifth
consecutive year of recession.The IMF and Horst Reichenbach(=your kind)also
claim that the Greek people can't shoulder more taxes,it's the politicians
who lack the will to track down tax-fraud.
JeanMaria93
commented
on 11 Dec 2011
@BugMagnet No disagreements here,if I were the Greek Prime Minister I would
have tried to reach a compromise with the banks-a haircut,lower interest
rates,longer maturities and so on.I don't think a controlled default would
be disastrous for the Greek households,if Greece were to leave the currency
union,now *that* would be suicide. But the Greeks are in no position to
take matters into their hands and the Brussels never make any brave
decisions after their long deliberations.
Wobbegong
commented
on 03 Dec 2011
@Athenaikos We got nothing for free. And it certainly wasn't the good will
of the US that made them support the rebuilding of germany in this fashion.
They wanted us to help them contain communism and so we did. And you talk
about free loading? A french bank conducted a study on companies from
different countries as to how reliable they pay their bills. German and
swiss companies ranked first place while greek ones rated lower than egypt,
north korea and just above somalia....
Wobbegong
commented
on 03 Dec 2011
@Highwaycrazy But for the eurozone this won't work out. The USA have plenty
of resources for themselves and they don't export much except financial
services. Countries like germany or austria and the netherlands need a
strong currency in order to buy resources we don't have, but need to keep
our industry working. The best economic solution would be to seperate the
eurozone (like a hard euro for the north and an olive euro for the south),
but the politicians dont want that.
Wobbegong
commented
on 03 Dec 2011
@Athenaikos The US were paid with gold and political sacrifices. But what
do you know about dept except for piling them sky high? And as for lying...
which country included prostitution and drug crime in it's gpd calculation
in order to enter the eurozone mine or yours? (a small hint, the french
begged mine to join) And which country proclaimed to have farmland of twice
its entire size to get more subventions from brussels? (german subvention
saldo -15% greek one +120)
JeanMaria93
commented
on 11 Dec 2011
@BugMagnet Show some empathy,if Greece weren't serious about enacting
painful reforms,how exactly did it manage to trim its deficit by 7% in two
years?By building colossal industries?The Euro Plus Monitor stated that the
main reason why Greece was unable to reach its budget targets is because
the troika enforced more austerity to compensate for loss of revenue,beyond
the fact that the tax code has become too convoluted.We need pro-growth
measures,not tax hikes.
Wobbegong
commented
on 02 Dec 2011
@Athenaikos Since you are neither a german official nor member of the
personnel od the polytechnical university of Darmstadt you don't have the
least authority over me. This comment becomes even more ridiculous when you
think about that the only reason That there is still electricity in your
country is that in country most and not just some people actually pay taxes
or that we did not indulge ourselves in socialist daydreams relying on
other to pay our bills.
Wobbegong
commented
on 11 Dec 2011
@JeanMaria93 I would chose a similar method. Use the efsf to buy time and
while it lasts demand the banks to increase their capital quota until they
can survive a full default and then let it take place. Another important
reform would be to divide investment banking and saving/credit banks in
order to prevent people from losing all their savings due to other peoples'
speculations. This would stable our financial system and thus the entire
society.
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