Why Europe won't Implode

carguym14 · September 27, 2011, 14:43

It's all good..........

http://news.yahoo.com/why-europe-won...045800371.html

The global financial system is currently being roiled by one thing and one thing only: the fate of Europe. This past weekend, high-level meetings of both the International Monetary Fund and the G20 nations took place in Washington, and the predominant focus was on Europe and whether the nations of the European Union and the euro zone would be able to stave off what increasingly appears to be a make-or-break crisis over banks, the sovereign debt of Greece, and the stability of the international financial system.

It isn’t just that Angela Merkel, Germany’s answer to Margaret Thatcher, has drawn what for her is an unequivocal line that Greece will not leave the European Union or the euro zone. It’s that slowly, sloppily, the governments of Europe are awakening to the realization that since they have tethered their collective economic fate to each other, the costs of unraveling are so immense as to be untenable. No government feels comfortable demanding more funds to bail out Greece or shore up banks or create a backstop for the tenuous finances of Italy. But each government understands at some animalistic level that no electorate will celebrate the consequences of doing too little. Even those supposedly dour, disapproving burghers of Düsseldorf who are tired of bailing out what they see as profligate Greeks would blanch at the market consequences of the end of the euro. Germany doesn’t just pay to maintain that union; it benefits mightily as well.

"no electorate will celebrate the consequences of doing too little"

Stupid electorate.......

**Thorack** · September 27, 2011, 14:55

Ah,

No big deal just hit up the Germans again, they got the dough. Just watch out not to piss them off to bad that they start talking that Nationalist Socialist crap again. D'oh.

Thorack

carguym14 · September 27, 2011, 15:36

Yep,the old "socialism is great............until you run out of other peoples (countries) money".

RG Coburn · September 27, 2011, 18:47

I doubt Germany will go "nazi" any time soon,however,I can see them erecting barriers to seal them off of other european parasitic nations. Only logical.

FAL freek · September 27, 2011, 22:14

Give all the Germans a rifle and tell them their money is being stolen by the French.

John Culver · September 28, 2011, 03:02

Quote:

Originally posted by FAL freek
Give all the Germans a rifle and tell them their money is being stolen by the French.

See if they can break their previous record of 28 days lol

nwobhm · September 28, 2011, 06:27

Quote:

Originally posted by FAL freek
Give all the Germans a rifle and tell them their money is being stolen by the French.

Never underestimate Germany. Third time is a charm comes to mind. I could see Germany as a WWIII starting point. They won't lose the next time around.

carguym14 · September 28, 2011, 09:13

Quote:

Originally posted by John Culver

See if they can break their previous record of 28 days lol

D P Six · September 28, 2011, 13:54

What if Greece wished to peacefully seceed from the Union, the EU that is. Would then a Lincolnesque army of holy warriors be sent forth to destroy Greece and preserve the Union?

carguym14 · September 28, 2011, 14:39

Quote:

Originally posted by D P Six
What if Greece wished to peacefully seceed from the Union, the EU that is. Would then a Lincolnesque army of holy warriors be sent forth to destroy Greece and preserve the Union?

That is an interesting question.

They seem to want the union to hold together from what I have heard on the radio news.

I also heard today that 80% of Germans are against any more bailouts.Wonder if that will make as much difference what the politicians do there as they did here when most of US were against bailouts............

FAL freek · September 28, 2011, 21:49

Quote:

Originally posted by nwobhm

Never underestimate Germany. Third time is a charm comes to mind.

But haven't they beat the French more than 3 times?

Super B · October 02, 2011, 00:14

Greece should recapitalize by exporting mass quantities of Greek salads and gyros. They would be back in the black by Christmas.

**Mark IV** · October 02, 2011, 15:11

Quote:

Originally posted by John Culver

See if they can break their previous record of 28 days lol

And this time they won't wait to invade Britain: They'll be embarking troops into the invasion craft as soon as they take Pas de Calais ... as well as transporting them through the Chunnel.

Enquiring Minds · October 07, 2011, 01:35

Sorry, but I can't swallow the ASS-u-Mption that Germany "benefits" from the EU... how, PRECISELY?

And if it's such a given, then why did the Swiss and the Brits never buy in, and instead preserve their own respective currencies?

FAL freek · October 08, 2011, 09:59

Quote:

Originally posted by Enquiring Minds
Sorry, but I can't swallow the ASS-u-Mption that Germany "benefits" from the EU... how, PRECISELY?

One of the reasons for adopting the Euro was that countries didn't have to change Marks into Francs, Lire into Schillings, etc. as it eliminated the currency changers and their fees, and if I understand it right they used the Dollar as the medium for exchange. Another reason was that economics has the same rules as warfare of your economy doesn't expand it will stagnate and die. Knocking down national boundaries opened up new markets for banking, sales, real estate, etc.

Quote:

Originally posted by Enquiring Minds

And if it's such a given, then why did the Swiss and the Brits never buy in, and instead preserve their own respective currencies?

Seem to remember the debate when it was going on about the EU (namely Germany and France) giving the Brits crap about not wanting to adopt the Euro. As much as America likes to bash the Brits about them losing their manhood over the decades they still have an independent streak about them and think them keeping the Pound was as much about them maintaining some sense of national identity as it was prudence of them keeping a time honored currency instead of adopting a new one that has no backing. I'm sure the Brits are getting as much of a good chuckle about the current problems going on right now in Europe as America is. The Swiss although proud of their "neutrality" probably had similar ideas.

Enquiring Minds · October 13, 2011, 12:26

Good points. Being anything but stupid, I'm sure the Germans must've foreseen this possibility (eventuality?) back when the EU was just an ivory tower exercise. They KNEW they'd be the bulwark, the last resort, the buck-stop depot.

And, if I could read Deutsch, I'd probably be able to glean from semi-public docs how realistic/optimistic they were.

September 27, 2011, 14:43	#1
carguym14 Registered Bronze Contributor FALaholic #: 13162 Join Date: Jan 2004 Location: Iowa Posts: 5,959	Why Europe won't Implode It's all good.......... http://news.yahoo.com/why-europe-won...045800371.html The global financial system is currently being roiled by one thing and one thing only: the fate of Europe. This past weekend, high-level meetings of both the International Monetary Fund and the G20 nations took place in Washington, and the predominant focus was on Europe and whether the nations of the European Union and the euro zone would be able to stave off what increasingly appears to be a make-or-break crisis over banks, the sovereign debt of Greece, and the stability of the international financial system. It isn’t just that Angela Merkel, Germany’s answer to Margaret Thatcher, has drawn what for her is an unequivocal line that Greece will not leave the European Union or the euro zone. It’s that slowly, sloppily, the governments of Europe are awakening to the realization that since they have tethered their collective economic fate to each other, the costs of unraveling are so immense as to be untenable. No government feels comfortable demanding more funds to bail out Greece or shore up banks or create a backstop for the tenuous finances of Italy. But each government understands at some animalistic level that no electorate will celebrate the consequences of doing too little. Even those supposedly dour, disapproving burghers of Düsseldorf who are tired of bailing out what they see as profligate Greeks would blanch at the market consequences of the end of the euro. Germany doesn’t just pay to maintain that union; it benefits mightily as well. "no electorate will celebrate the consequences of doing too little" Stupid electorate....... __________________ Anything not under government control is,by definition,out of control. Don't piss down my back and tell me it's raining. When is it time to pick up your rifle? When your conscience cannot abide to see it unused. 1gewehr 8/3/05 Last edited by carguym14; September 27, 2011 at 14:48.

September 27, 2011, 14:55	#2
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,614	Ah, No big deal just hit up the Germans again, they got the dough. Just watch out not to piss them off to bad that they start talking that Nationalist Socialist crap again. D'oh. Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion.

September 27, 2011, 15:36	#3
carguym14 Registered Bronze Contributor FALaholic #: 13162 Join Date: Jan 2004 Location: Iowa Posts: 5,959	Yep,the old "socialism is great............until you run out of other peoples (countries) money". __________________ Anything not under government control is,by definition,out of control. Don't piss down my back and tell me it's raining. When is it time to pick up your rifle? When your conscience cannot abide to see it unused. 1gewehr 8/3/05

September 27, 2011, 22:14	#5
FAL freek Registered FALaholic #: 10400 Join Date: Apr 2003 Location: TN Posts: 7,178	Give all the Germans a rifle and tell them their money is being stolen by the French. __________________ Please put the Constitution on the teleprompter Liberals want diversity in everything except your opinion.

October 02, 2011, 00:14	#12
Super B Registered FALaholic #: 404 Join Date: Jul 2000 Location: Tallahassee, FL,, USA Posts: 1,630	Greece should recapitalize by exporting mass quantities of Greek salads and gyros. They would be back in the black by Christmas. __________________ 'The true Soldier fights not because he hates what is in front of him, but because he loves what is behind him.' -G. K. Chesterton

September 27, 2011, 18:47	#4
RG Coburn Registered FALaholic #: 27406 Join Date: Mar 2007 Posts: 10,867	I doubt Germany will go "nazi" any time soon,however,I can see them erecting barriers to seal them off of other european parasitic nations. Only logical.

September 28, 2011, 13:54	#9
D P Six Registered FALaholic #: 15219 Join Date: Aug 2004 Posts: 2,090	What if Greece wished to peacefully seceed from the Union, the EU that is. Would then a Lincolnesque army of holy warriors be sent forth to destroy Greece and preserve the Union?

October 07, 2011, 01:35	#14
Enquiring Minds Registered FALaholic #: 209 Join Date: Jul 2000 Location: "The Venice of America"... FLL... Posts: 4,150	Sorry, but I can't swallow the ASS-u-Mption that Germany "benefits" from the EU... how, PRECISELY? And if it's such a given, then why did the Swiss and the Brits never buy in, and instead preserve their own respective currencies? __________________ "We live in a gangster state, and our days of laughing at other countries are over." --Matt Taibbi, Rolling Stone

October 13, 2011, 12:26	#16
Enquiring Minds Registered FALaholic #: 209 Join Date: Jul 2000 Location: "The Venice of America"... FLL... Posts: 4,150	Good points. Being anything but stupid, I'm sure the Germans must've foreseen this possibility (eventuality?) back when the EU was just an ivory tower exercise. They KNEW they'd be the bulwark, the last resort, the buck-stop depot. And, if I could read Deutsch, I'd probably be able to glean from semi-public docs how realistic/optimistic they were.

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