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Germany, really?! Germany is an export oriented economy (45% of GDP) and had to hold Greece hostage to Euro. If Greeks had drachma, they could have devalued and
by sremani 10y ago
Germany, really?! Germany is an export oriented economy (45% of GDP) and had to hold Greece hostage to Euro. If Greeks had drachma, they could have devalued and probably would be able to wrest some industry away from Central and Western Europe.
Germany is a bad bad example, one thing automation will do, is bring back manufacturing locally, since the labor costs will diminish, so export oriented economies like Germany are for misery in next decade.
I would take 'Murican economy over German any time from on set of 1900s to today and way into future.
edit: also Germany 'really' did not pay off money that was injected during Marshall plan.
- virmundi 10y agoGermany finally figured out that European domination didn't require war. Centuries of bloodshed taught them that that it's better to control via politics than the barrel.
- pdkl95 10y agoHence the Greek plan to counter that attack with bankruptcy. https://www.youtube.com/watch?v=Zvl9N9GdraQ https://www.youtube.com/watch?v=Zvl9N9GdraQ (warning: NSFW language, loud)