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The Germans Have Learned Nothing from History – DER Spiegel

21 points by janandonly 4y ago

jaclaz 4y ago
[2012]
- yrgulation 4y ago
  Yeah was wondering why these people were still talking about greece. One that caught my eye is how they speak about a “core” and the “periphery”. This type of attitude is precisely why there is so much backlash against the eu today. They cornered the uk and it left. South europe is all but obliterated and will likely see an increase in anti eu sentiment. The “periphery” strikes back.
mmarq 4y ago
Ten years later, the UE is still there, Germany is still there and the only country that’s falling apart in the continent is the UK, that left the EU.
- deleted 4y ago
  [deleted]
- zahrc 4y ago
  How is the UK falling apart? Inflation rates are lower than in Germany.[0] The pound is 3ct weaker than it was last year and just as strong as 2019. [1] I’m not an economist, so I am genuinely curious how you measure that. [0] https://www.euronews.com/next/2022/09/30/record-inflation-which-country-in-europe-has-been-worst-hit-and-how-do-they-compare https://www.euronews.com/next/2022/09/30/record-inflation-wh... [1] https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=5Y https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=5Y
  - timellis-smith 4y ago
    In addition it's worth pointing out that the UK has the second lowest debt / GDP ratio of the g7 https://countryeconomy.com/countries/groups/g7 https://countryeconomy.com/countries/groups/g7
    - benj111 4y ago
      The govt is busy fixing that oversight though.
  - mmarq 4y ago
    The pound is much weaker than 10 years ago (1.25 va 1.13), inflation has been significantly higher in the entire period and in the past year as well. Real salaries in the UK are lower than in 2007, only Italy had a comparable performance. Political instability is so evident that I shouldn’t even have to mention the number of governments we had in the past 5 years. In the UK we have shortages of medicines (such as chicken pox vaccines, dioralyte satchels and paracetamol for babies just to name the few I couldn’t find in the past 10 days), supermarkets even in central London are often half empty. This isn’t happening anywhere else in Europe. But you will certainly post that the FTSE index in the past 5 hours had a better performance than NASDAQ and claim economic egemony.
    - blibble 4y ago
      > The pound is much weaker than 10 years ago (1.25 va 1.13) against the dollar, yes you may want to check the Euro against the dollar too > inflation has been significantly higher in the entire period and in the past year as well again, you may want to check the eurozone at least the UK has the ability to raise interest rates, the eurozone does not > supermarkets even in central London are often half empty this was certainly the case during early days covid (when we were still part of the EU) I've not even seen it reported during the last year (your comment history is certainly... focused on complaining about the UK)
      - mmarq 4y ago
imtringued 4y ago
Nothing changed. I don't think anyone is interested in fixing this. The solution is trivial, aka make the beneficiaries of liquidity pay for the benefits. This is incredibly unpopular but you either do that or you keep patching the system to provide liquidity in a dysfunctional way.
- im3w1l 4y ago
  The non-trivial part is how much they should pay. There is a moral hazard of people manipulating an imperfect risk measure.
deleted 4y ago
[deleted]
ohiovr 4y ago
The German Politicians learned nothing from history unless they studied at a clown school. The attitude is a disgrace, trying to blame issues on the public, not those who actually did these insane things to europe like raising rates, cutting taxes, and increasing spending while shutting down the economy and shaming anyone who speaks against this nonsense. I'm glad I live in Ohio. You guys got to get the gas on. If you are not willing to swallow pride on this, at least prepare as best as you can. Buy blankets, heavy coats, snow suits. People live homeless all the time in conditions like this and you will have the elements in your homes. I realize this puts a spotlight on me. But what is happening right now is not the public's fault other than gullibly going along with all these emergency powers. If people did learn from history they would know that emergency powers are never removed easily.

21 points by janandonly 4y ago

jaclaz 4y ago

[2012]

yrgulation 4y ago
Yeah was wondering why these people were still talking about greece. One that caught my eye is how they speak about a “core” and the “periphery”. This type of attitude is precisely why there is so much backlash against the eu today. They cornered the uk and it left. South europe is all but obliterated and will likely see an increase in anti eu sentiment. The “periphery” strikes back.

mmarq 4y ago

Ten years later, the UE is still there, Germany is still there and the only country that’s falling apart in the continent is the UK, that left the EU.

deleted 4y ago
[deleted]
zahrc 4y ago
How is the UK falling apart? Inflation rates are lower than in Germany.[0] The pound is 3ct weaker than it was last year and just as strong as 2019. [1] I’m not an economist, so I am genuinely curious how you measure that. [0] https://www.euronews.com/next/2022/09/30/record-inflation-which-country-in-europe-has-been-worst-hit-and-how-do-they-compare https://www.euronews.com/next/2022/09/30/record-inflation-wh... [1] https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=5Y https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=5Y
- timellis-smith 4y ago
  In addition it's worth pointing out that the UK has the second lowest debt / GDP ratio of the g7 https://countryeconomy.com/countries/groups/g7 https://countryeconomy.com/countries/groups/g7
  - benj111 4y ago
    The govt is busy fixing that oversight though.
- mmarq 4y ago
  The pound is much weaker than 10 years ago (1.25 va 1.13), inflation has been significantly higher in the entire period and in the past year as well. Real salaries in the UK are lower than in 2007, only Italy had a comparable performance. Political instability is so evident that I shouldn’t even have to mention the number of governments we had in the past 5 years. In the UK we have shortages of medicines (such as chicken pox vaccines, dioralyte satchels and paracetamol for babies just to name the few I couldn’t find in the past 10 days), supermarkets even in central London are often half empty. This isn’t happening anywhere else in Europe. But you will certainly post that the FTSE index in the past 5 hours had a better performance than NASDAQ and claim economic egemony.
  - blibble 4y ago
    > The pound is much weaker than 10 years ago (1.25 va 1.13) against the dollar, yes you may want to check the Euro against the dollar too > inflation has been significantly higher in the entire period and in the past year as well again, you may want to check the eurozone at least the UK has the ability to raise interest rates, the eurozone does not > supermarkets even in central London are often half empty this was certainly the case during early days covid (when we were still part of the EU) I've not even seen it reported during the last year (your comment history is certainly... focused on complaining about the UK)
    - mmarq 4y ago

imtringued 4y ago

Nothing changed. I don't think anyone is interested in fixing this. The solution is trivial, aka make the beneficiaries of liquidity pay for the benefits. This is incredibly unpopular but you either do that or you keep patching the system to provide liquidity in a dysfunctional way.

im3w1l 4y ago
The non-trivial part is how much they should pay. There is a moral hazard of people manipulating an imperfect risk measure.

deleted 4y ago

[deleted]

ohiovr 4y ago

The German Politicians learned nothing from history unless they studied at a clown school. The attitude is a disgrace, trying to blame issues on the public, not those who actually did these insane things to europe like raising rates, cutting taxes, and increasing spending while shutting down the economy and shaming anyone who speaks against this nonsense. I'm glad I live in Ohio. You guys got to get the gas on. If you are not willing to swallow pride on this, at least prepare as best as you can. Buy blankets, heavy coats, snow suits. People live homeless all the time in conditions like this and you will have the elements in your homes. I realize this puts a spotlight on me. But what is happening right now is not the public's fault other than gullibly going along with all these emergency powers. If people did learn from history they would know that emergency powers are never removed easily.