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>It's a game of Germany getting fed up with paying for the rest of the EU. The eurozone economy has been largely run in a way that benefits germany. When germa
by barking 12y ago
>It's a game of Germany getting fed up with paying for the rest of the EU.
The eurozone economy has been largely run in a way that benefits germany. When germany needs low interest rates the euro zone gets them and to hell with whether that suits Spain or Greece or Italy.
And the bailouts that were given are not handouts, they are loans.
If a bank lends you money they are not 'paying for you'.
- eru 12y agoUnless you are never giving the money back. (Or you get the money at below-market rates. Then they are effectively paying you the difference.)
- fit2rule 12y agoBut .. why shouldn't the most productive member of the Eurozone get what it wants, while the least productive members of the Eurozone, get whats left? Economics 101: if you reward bad behaviour, you get more bad behaviour.