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So how does Germany pull off that control? What gives it it's power?
by facepalm 11y ago
So how does Germany pull off that control? What gives it it's power?
- kfk 11y agoMy guess as Italian leaving in Germany? They are the only ones who had some sense during all the European public spending madness of the last 20 years or so.
- honest_joe 11y agoIts economy and the free trade. Central europe is flooded with crap made in germany,french,netherlands goods and companies. They are no the only one to blame but they used our fucked up corrupt mentality and own us now.
- deleted 11y ago[deleted]
- nisa 11y agoHere is biased take on it: http://www.flassbeck-economics.de/the-lies-of-the-ruling-circles-and-the-inner-logic-of-the-crisis/ http://www.flassbeck-economics.de/the-lies-of-the-ruling-cir...
- _rpd 11y agoGermany is the largest financial contributor to the bailout fund. It's power is the power to say "no more." http://www.wsj.com/articles/germany-has-a-lot-to-lose-in-a-greek-euro-exit-1436205505 http://www.wsj.com/articles/germany-has-a-lot-to-lose-in-a-g...
- facepalm 11y agoSo the evilness of Germany is not donating Billions of Euros? Evil is not what it used to be anymore...
- _rpd 11y agoWhat's more, the founding treaties of the EU make it illegal for one member state to assume the debts of another member state. And the "no bailout" clause was added exactly in response to Northern European concerns that they would eventually be responsible for the debt incurred by Southern Europe. http://www.cfr.org/world/eurozone-crisis-historical-legacy/p22932 http://www.cfr.org/world/eurozone-crisis-historical-legacy/p...