[np] Euro crisis

[Otto]

No, they cannot afford elections, they're between 2 and 3 percent in the polls.

Merkel just made it, she's got her own majority:

German Parliament Passes Euro Fund Expansion

http://www.spiegel.de/international/germany/0,1518,789074,00.html

2011/9/28 Matthew Cissell <macissell at yahoo.es>:
> 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
>>
>
>
>