Comments on: Serious Problems Emerge For The F-UK-De Group Of Countries

By: uberVU - social comments

uberVU - social comments — Sat, 20 Mar 2010 19:28:21 +0000

Social comments and analytics for this post…

This post was mentioned on Twitter by dafowc: RT again @afoe_tw: Serious Problems Emerge For The F-UK-De Group Of Countries – http://tinyurl.com/ykvz3mk – IMO this really matters…

By: govs from Latvia

govs from Latvia — Sat, 20 Mar 2010 12:06:24 +0000

You are speaking, dear German, just the next bullshit, and your morals are amoral. Your texts are so incompetent, so I am becoming impression you are just a typical product of the German Baumschule/Fahrschule/Tanzschule.

The New Member States are OBLIGED to introduce the EUR, ohne wenn und aber. Since Baltic states have not used monetary policy already 8 years before 2004, and their currencies were pegged long time to: Estonia to DEM, Latvia to SDR, Lithuania to USD, it was just natural to refix it to EUR when entering the EU. It was widely accepted on both sides. The EU at that time was very hardly pressing the New Member States for EUR introduction. For Baltic States the terms were designed unrealistically stringent.

What is the real problem – the absolute disintegrity, divergence and inconsistence of the EU policy determined by Old Member States. It is based only on the actual momentary situation. There is no continuity of this politics, no solidarity, no consequent realisation. Just a small change in the external situation and Angela is speaking 180Âº to what she said yesterday. This is the problem.

Maybe the Soviet Union was really a bit old-fashioned and stagnating, but so silly was it not.

By: A German

A German — Sat, 20 Mar 2010 09:33:45 +0000

@Nikos
I’m a afraid to say that…but it’s possibly a lot easier to sell another bailout for the banks to the public than a bailout for Greece. It’s as simple as that.

It’s true that the German arms industry massively benefits from the Greece spending spree? However, German arms exports certainly do not lie at the root of the Greek-Turkish conflict. It’s Greece’s and Turkey’s inability to solve their tensions that benefits the arms industry. And if they weren’t buying from Germany they’d buy from the US, Russia or France.

@govs
I’m aware of the issues surrounding the peg. The smart thing would have been not to put it in place. I can’t help myself but many of the new member states let things happen to happen that they should never have accepted in the first place. I don’t care for the reasons but it appears that there’s no such thing as a free lunch. Everything comes with a price…

By: NikosR

NikosR — Sat, 20 Mar 2010 07:33:52 +0000

btw, I was just reading that according to SIPRI, Germany has been the 3rd largest exporter of military material (after the US and Russia) for the period 2005-2009, with 11% market share. Guess who are the 2 best customers of Germany. Turkey with 14% and Greece with 13%. Again food for thought..

By: NikosR

NikosR — Fri, 19 Mar 2010 19:36:33 +0000

Only a month ago, openly talking about exit from the Euro and defaulting here in Greece, people would take you for a fool. This is changing rapidly. Food for thought. It’s not only the German public who can influence things…

By: NikosR

NikosR — Fri, 19 Mar 2010 19:32:56 +0000

@ A German

That’s the idea. Now, let Focus and Bild do the calculation about the cost to German banks.

By: govs from Latvia

govs from Latvia — Fri, 19 Mar 2010 16:45:42 +0000

That was for German, not Oliver. Sorry

By: govs from Latvia

govs from Latvia — Fri, 19 Mar 2010 16:44:53 +0000

Oliver,

therefore Greece has to default and massive bank restructuring will set in France and Germany.

About Latvia – have you ever read about the problems with Latvian peg, contagion problems etc.? You are saying something silly. Like I would say Germans have elected Hitler because of extreme charming of this personality.

Do you know about pressure built by ECB when Lithuania decided to move currency board from Central bank to independent institution as in Poland?

By: A German

A German — Fri, 19 Mar 2010 09:48:27 +0000

@Nikos
I meant that the the Greek government may not be able to choose between defaulting and not defaulting if Greece leaves. After all, the new currency would plummet against the Euro. How is Greece than going to service Euro denominated debt?

@govs
Isn’t the Latvian problem a home-made one? After all, you could give up the Euro peg…

By: govs from Latvia

govs from Latvia — Thu, 18 Mar 2010 18:55:32 +0000

NikosR,

the EU has already become the World capital of schizophrenia. EU2020 strategy provides for 3% spending for Science and Technology, but IMF has cancelled all this entirely.

EU2020 asks to lower powerty, but at the moment Latvia is in a state in which it was during WWII. Never during the Soviet period even in the worst dreams we have seen something like that what we have today. Almost all rural schools are closed. Rural children are not educated at all.

Last week a man died in the northern Latvia from hunger.

People are walking on the streets with open wounds, missing eyes, ragging extremities.

Greece has some hope, anyway, because the last package for Ukraine provided for much less severe austerity measures as Latvia had imposed on it.