buffalo_bill Posted November 26, 2011 Report Share Posted November 26, 2011 The strength of a currency is not based on hard parts but on what people think about it . Which again is widely based on a lack of basic knowledge as can be seen earlier in this thread . Would the value of a currency be based on rationally assembled details the first thing to evaporate would be the famous yankee-dolla . Thanks China it doesn't . About for example Germany paying the bills for Greece look at London paying the bills for Wales and Northern Ireland . I have no problems with this , I`m a European . Link to comment Share on other sites More sharing options...
think_too_mut Posted November 26, 2011 Report Share Posted November 26, 2011 Te opening article is IMO nearly there. What the reason for Greek debt is (half of last 2 centuries Greece has been on the same verge) low interest rate, same for the entire Euro Zone. That was unsustainable and the tectonic reason for this mess. Naturally, whoever could, took the cheap money (same as Americans did). Germany has benefited from EUR more than anyone. With the stranglehold on everyone (nobody could devalue their currency to become more competitive) Germany made fortunes. Germany just appears to be indecisive - they are pushing it to the brink to get it their own way (as the opening article suggests). EU institutions they will dominate. Link to comment Share on other sites More sharing options...
Hugh_Hoy Posted November 26, 2011 Report Share Posted November 26, 2011 Conservative in Europe is like the conservative Dems in the USA. Conserviative in the USA is like right wing fringe groups in Europe (christian fundamentalist crazies, e.g.) So far off that you aren't even in the same area code...maybe not even the same planet. HH Link to comment Share on other sites More sharing options...
kamui Posted November 26, 2011 Report Share Posted November 26, 2011 So far off that you aren't even in the same area code...maybe not even the same planet. HH me not understand... Link to comment Share on other sites More sharing options...
Guest lazyphil Posted November 26, 2011 Report Share Posted November 26, 2011 lost the war?....really lol.....crafty buggers them krau....er germans!! Link to comment Share on other sites More sharing options...
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