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Well, what is the alternative? Germany admits they've juiced their export driven economy via an artificially depressed currency, then either (1) leaves the eur
by x0x0 11y ago
Well, what is the alternative? Germany admits they've juiced their export driven economy via an artificially depressed currency, then either (1) leaves the euro themselves, or (2) agrees to permanent support to the less-productive peripheral countries inside the currency union?
You may find this interesting:
http://blog.mpettis.com/2015/02/when-do-we-decide-that-europe-must-restructure-much-of-its-debt/ http://blog.mpettis.com/2015/02/when-do-we-decide-that-europ...
- eli_gottlieb 11y ago> Germany admits they've juiced their export driven economy via an artificially depressed currency, then either (1) leaves the euro themselves, or (2) agrees to permanent support to the less-productive peripheral countries inside the currency union? Yes. Shouldn't the German national ego be counted less important than making everyone's accounting add up?
- x0x0 11y agopreaching to the choir now what's your strategy on bringing germany around to that pov? Because their politicians are poisoning the environment so that you can't even start that discussion.