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Germany was basically financing their exports. It's as if GM offered great terms to all comers regardless of creditworthiness, then complains when the buyers ca
by drumdance 12y ago
Germany was basically financing their exports. It's as if GM offered great terms to all comers regardless of creditworthiness, then complains when the buyers can't make the payments.
- NotableAlamode 12y agoVictim blaming. The Euro, and it's easy credit was forced upon Germany by France as a price for reunification. Several German members of the Executive Board and the Governing Council of the European Central Bank (ECB), and one German head of state resigned in protest against the insane monetary policies that the southern European states voted for.
- NotableAlamode 12y agoWhy the downvotes? What I state above is historically well documented. I'd also like to remind the readers that Germany is still an occupied country and cannot make decisions about the Euro according to its own needs and wants.