aw. Re: [np] Peripheral euro zone household wealth trumps core - ECB study

[Kai Frederik Lorentzen]

 > the Germnas are richer and need to bail out the others.

No, no, no! I'm not gonna support this fraud any longer. Hoping that the 
'Alternative für Deutschland', a non-racist anti-euro party founded by 
economists, is already at the start at the federal election in 
September, I've made up my mind not to go with the majority on this one. 
Well, I'm turning 46 this month, so for me personally things probably 
won't get that dramatic. But my children are teenagers and I don't want 
them to pay the price for my generation's cowardice. Unlike the 
propaganda from Brussels and Berlin says, the real danger for European 
peace comes not from those who wanna call off the euro as long as 
there's still time, yet from those with the 
let's-close-our-eyes-and-hope-for-the-best-attitude. Before the 
introduction of the euro the inner-European relations were rather good. 
And now? Well, not wanting to talk about others, I just have to say that 
I have absolutely no interest in doing vacation in countries where 
self-righteous protesters show swastikas and warn against an imaginary 
'Fourth Reich'. (What? Oh yes, sure, if there are still reparations to 
be paid, this should be done rather sooner than later, but the one thing 
has nothing to do with the other.) Hostilities and tensions in Europe 
grow day by day. Do you really think the helpless muddling-through we're 
witnessing will solve this problem? I don't. Not anymore. Quite the 
contrary. The only chance for peace and prosperity is to call off the 
euro as long as this is still possible. To keep up a currency-union with 
divergent economic (bzw financial) cultures is, on the territory of this 
war-devastated continent, not only a nonsensical but also a very 
dangerous policy.  The whole thing will explode ...

http://en.wikipedia.org/wiki/Alternative_for_Germany*

"Alternative for Germany* (German 
<http://en.wikipedia.org/wiki/German_language>: /Alternative für 
Deutschland/) is a Euro 
<http://en.wikipedia.org/wiki/Euro>-sceptical,^[1] 
<http://en.wikipedia.org/wiki/Alternative_for_Germany#cite_note-DBRNicolaus-1> 
liberal <http://en.wikipedia.org/wiki/Liberalism>, and conservative 
<http://en.wikipedia.org/wiki/Conservatism> German political party 
<http://en.wikipedia.org/wiki/List_of_political_parties_in_Germany> 
planning to compete in the federal election 
<http://en.wikipedia.org/wiki/German_federal_election,_2013> in 
September 2013. It sees itself as anti-Euro, but pro-Europe 
<http://en.wikipedia.org/wiki/Pro-Europeanism> and pro-EU 
<http://en.wikipedia.org/wiki/European_Union>.^[2] 
<http://en.wikipedia.org/wiki/Alternative_for_Germany#cite_note-2> ^[3] 
<http://en.wikipedia.org/wiki/Alternative_for_Germany#cite_note-3> ^[4] 
<http://en.wikipedia.org/wiki/Alternative_for_Germany#cite_note-4> The 
party's central argument is that the Euro 
<http://en.wikipedia.org/wiki/Euro> is a failed currency that threatens 
European integration <http://en.wikipedia.org/wiki/European_integration> 
by impoverishing countries with uncompetitive economies, while 
financially ruining countries with competitive economies.^[5] 
<http://en.wikipedia.org/wiki/Alternative_for_Germany#cite_note-5> The 
party is supported by many German economists. According to opinion 
polls, about a quarter of the German electorate may consider voting for 
a party that advocates a German exit from the eurozone 
<http://en.wikipedia.org/wiki/Eurozone>.^[6] 
<http://en.wikipedia.org/wiki/Alternative_for_Germany#cite_note-6> ^[7] 
<http://en.wikipedia.org/wiki/Alternative_for_Germany#cite_note-7>
(...)


    Goals

  * The no-bailout clause of the Maastricht Treaty
    <http://en.wikipedia.org/wiki/Maastricht_Treaty> must be respected.
  * Countries must be able to leave the eurozone
    <http://en.wikipedia.org/wiki/Eurozone> to form alternative monetary
    unions or establish parallel currencies.
  * All transfer of sovereignty to the European Union
    <http://en.wikipedia.org/wiki/European_Union> must be legitimized by
    plebiscite <http://en.wikipedia.org/wiki/Referendum>.^[1] "
    <http://en.wikipedia.org/wiki/Alternative_for_Germany#cite_note-DBRNicolaus-1>



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