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Not that simple, do you know where much of the money from Greece has gone all this years? Weapons developed by Germany, and German industrial products bought w
by forgottenpaswrd 15y ago
Not that simple,
do you know where much of the money from Greece has gone all this years? Weapons developed by Germany, and German industrial products bought with loans by Greeks, like cars, cranes and bulldozers.
Do you know witch country benefits from a weak euro so the can export a lot?
- blumentopf 15y agoGermany has basically subsidized its formerly East-German states for 20 years now. Very much comparible in my opinion. After reunification, most East-German companies were not competitive (in large part due to the 1:1 exchange rate between East-Mark and DMark which was chosen for political reasons) and they never really catched up. But for West-German companies, it's a nice market to sell their products. The real problem is that there are or will be efforts by the EU to persuade e.g. Greece to heighten the retirement age, or Ireland to increase corporate taxes -- without proper democratic legitimization. That's scary.