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by unity1001 1347 days ago
This just helps Germany to avoid the repercussions of their gas supply going away.

After improverishing other European countries by pushing to them the IMF-style neoliberal loans after forcing them to bail out PRIVATE German banks in those countries back in 2008 and then blaming the people of those countres for 'being lazy', they will be scarcely motivated to help Germany that way.

Especially considering how German industry's competitiveness hangs on other countries' industries being weaker, bringing the Euro down to keep German exports competitive.

This is a chance for all the other European countries in recovering their industries back - German industry shutting down means that domestic and foreign markets that those industries were dominating will now be open to other European countries. Couple this with the Euro going down and making European products more competitive, you can understand that why other countries are not so enthusiastic in bailing out Germany.