|
|
|
|
|
by DuncanIdaho
5328 days ago
|
|
For one I believe that Germans know what they're doing. They might be a little bit too bent on saving Framany's banks - however if these banks drop then Framany drops. If that happens Eurozone has no steering wheel and no engine to get anywhere. So in fact it is essential that in eurozone: 1. Germany and France be saved from the worst.
2. Germany and France beat the other juvenile countries into fiscal submission.
3. The new "germanized" europe lifts itself out of ash. Whatever people think, the whole point of eurozone is "germanization" of Europe. It's not as some people state that Germany is trying to occupy the Europe. The fact is that Europe wants to occupy Germany. Thats the whole point, the whole Europe and its citizenry would like to live in Germany. And Germans know full well what they're doing - I'd even dare to say that they know what they're doing even better than 'mericans. Don't forget that Germany annexed DDR 20 years ago and that DDR was in much worse shape than any of PIIGS. Alo Angela Merkl along with many people in charge, grew up in DDR. |
|
I hope we can agree that these are horrible numbers for wealthy EU countries and not the result of political choices, but primarily bad management. I mean even countries that really cannot be considered laissez-faire capitalistic like Sweden (14), Germany (19), France (29) are doing much better. Even the former eastern european states, that started at a much lower level have better rankings...
So I wouldn't say that the aim is some "germanization" of Europe, but that the reforms in Italy+Greece are just clearly necessary.
Since Italy+Greece joined the Euro, they had the cheapest access to credit ever and it didn't help them at all. Maybe the harsh reforms and austerity now isn't optimal either because it is killing the economy, but it seems it is the only thing that can work.