[np] Euro crisis

[Matthew Cissell]

as the saying goes, all politics is local. The question is: will the FDP create a scenario forcing Merkel to choose between breaking the coaliton or "saving the euro"?
    Ripples become waves and waves reduce to ripples. Whence takes us the tide?
 
mcc

From: Otto <ottosell at googlemail.com>
To: Ian Livingston <igrlivingston at gmail.com>
Cc: David Morris <fqmorris at gmail.com>; Kai Frederik Lorentzen <lorentzen at hotmail.de>; pynchon -l <pynchon-l at waste.org>
Sent: Wednesday, September 28, 2011 11:52 AM
Subject: Re: [np] Euro crisis

No, the German public cannot convinced to pay for all those "lazy"
people in the south who just sit in the  sun, get salararies for 14
months, retire at 60 (while we work until 67) etc etc.

"It's better for us to leave the Euro-zone" - you will hear
everywhere, or "kick those assholes out".

Merkel ist history.

Latest polls show that after the next elections the Free Democrats
will be out of the Bundestag and the "Pirates" will be in parliament:

http://www.wahlrecht.de/umfragen/index.htm



2011/9/27 Ian Livingston <igrlivingston at gmail.com>:
> "A spectre is haunting Europe...."
>
> On Tue, Sep 27, 2011 at 9:55 AM, David Morris <fqmorris at gmail.com> wrote:
>> http://www.guardian.co.uk/commentisfree/2011/sep/26/greece-default-debt-exit-eurozone?INTCMP=SRCH
>>
>> Greece needs to default on its debt and exit the eurozone
>> [...]
>> First, for the countries of the eurozone it has become apparent that
>> there are only two clear options: political integration or breakup.
>> Anything else is politically or economically unsustainable. Since
>> there is no appetite for political integration, exit from the eurozone
>> can be expected later anyway, when it could be even less advantageous
>> for Greece.
>>
>> Second, there is little doubt among economists that the easiest
>> mechanism for a country to gain competitiveness is to have its
>> currency depreciate. Hence, Greece having its own currency is the
>> easiest path to gaining international competitiveness. Cars and
>> iPhones will become more expensive but food might actually become
>> cheaper and employment will pick up within a few months after the
>> introduction of the new drachma. By contrast, unemployment and
>> deprivation with no end in sight are the predictable results of
>> following the troika's policies.
>>
>> On Tue, Sep 27, 2011 at 5:58 AM, Kai Frederik Lorentzen
>> <lorentzen at hotmail.de> wrote:
>>>
>>> Yesterday evening I saw Kenneth Rogoff on 'BBC Hardtalk' and he was saying pretty much the same as George Soros. Rogoff, too, said that the German public has to face that Germany will have to pay for it all. Greece, Portugal, Ireland. Maybe Italy and Spain. Even if some or all would have to leave the eurozone.
>>>
>>> http://www.nybooks.com/articles/archives/2011/oct/13/does-euro-have-future/
>>>
>>
>
>
>
> --
> "Less than any man have I  excuse for prejudice; and I feel for all
> creeds the warm sympathy of one who has come to learn that even the
> trust in reason is a precarious faith, and that we are all fragments
> of darkness groping for the sun. I know no more about the ultimates
> than the simplest urchin in the streets." -- Will Durant
>
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