Comments on: Can the rest of Europe stand up to Germany? Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 By: Brooks-was-here Sat, 08 Sep 2012 19:08:11 +0000 Well, I’m dissappointed to read in a Reuters post of Mr. Kaletsky a text that puts WWI, WWII and the economic policy of Chancellor Merkel in a row – as if these three politics were similar or only comparably in intentions and means.
One may disagree in the subject of how to mend the economic crisis of Europe, the Euro in general and the mediterranean economies.
But should a country like Britain or the US put that in a context of “oh, these Germans try to conquer Europe again, this time by economic hegemony…” insinuating, of course, that Britain or the U.S. once again have to stand tall to save the world…
Especially Britisch politicians and economic blog-writers should remember how often it was -and is- Britain, that stood alone with their views and requesting special treament and policies – purely in their national interest with no respect and consideration whatsoever to the benefit the Europa as a whole.
And when it comes to economic policies and “sacrifices” the German economy surely can claim that huge amounts of money, taken from the German taxpayer, has been and will be going abroad. Yes, the German economy & national budget benefits quite strongly from the low interest rates and the higher level of attraction for German bonds compared to others.
I’m not too much a fan of Angela Merkel, I would prefer some other ways to solve the crisis. But: Will there be a British protest, if Chancellor Merkel travels to some European meeting of top leaders and – fed up with the permanent request, that Germany should guarantee for other nations loans – shouts: I want my money back?
Let’s not forget: A few of the problem banks that brought us into this mess resided on the British Isles and they screwd up, because the banking laws where flawed and the institutions responsible for controlling had much to close connections to the pulprits….

By: mvr75 Wed, 25 Jul 2012 23:22:51 +0000 As usual, we get nothing but the standard Europhile ‘more Europe’ and ‘more Euro’ and ‘more integration’.

And as usual, this author puts on display his ignorance of the real issue: the Euro IS the problem. The Euro IS the crisis. More integration will only make it worse.

Let’s have some referendums, because I am willing to bet that here in the Netherlands most do not want to give money to Greece, Spain, Italy (or rather: the banks who lent those countries money). We want our own currency back and we’d be better off for it.

Spending and borrowing is the problem. If Italy cannot afford to borrow, it should not borrow. It really is that simple. Stop borrowing!

And no, we the taxpayers do not want to be on the hook for rich banker’s debt, and to guarantee investors investments. We want the Euro gone. The Euro is the problem, and the solution is getting rid of it.

I hope us, Germany and even non-Euro Britain all leave the undemocratic EuroSoviet Union. Maybe Club Med can get France to cover the loss of those net contributions /sarcasm.

By: ThomasMacso Mon, 02 Jul 2012 17:29:49 +0000 “Nobody should be surprised that Germany is the greatest threat to Europe”

This pseudo Communist is out of his mind. The threat has been and is the States that SPENT beyond their means. That’s the threat.
It’s like saying those who pay their mortgages are a threat to the Real Estate market and NOT THE ONES WHO QUIT PAYING – idiot.

By: tchirn Thu, 28 Jun 2012 07:44:24 +0000 The Germans would have to do some major manipulation of the DM which would sky rocket in value if Germany were to leave the Eurozone. Its currently over hyped, over priced and definitely over rated products would go much higher in price and cause a major recession in Germany from a collapse in sales. So Germany is benefiting greatly from its neighbors’ fiscal problems that keeps the Euro at a low and does not wish to see any change in the current status..

By: MyDriveIsGreen Wed, 27 Jun 2012 16:43:17 +0000 Mr. Kaletesky,

This sort of ‘Aryan NOT mentality hearkens to the old premise that dying economies(like the GBP) can subvert a new economy*consider that Germany’s economy, rebuilt, like Japan’s is less than 70 years new, compared to GB in the 200 year plus range, and US(where I am from) approaching 145 years). This is like complaining about new technology, and grasping firmly on a lead pencil.

I submit that the hierarchy of needs(Pavlovian is it not) has no room for retrenchment, and historical which sounds a log like hysterical biases against ancient ills. Time to wake up and realize that a nation, culture, society, can not drive into the future, by focusing on the rear view mirrors(the past history) when the wind screen squarely faces the future.

Or like Einstein you can get a bicycle and ponder if the speed of light ride has an image that even appears in the mirror.

Patrick D
Chief Encouragement Officer

By: PerKurowski Wed, 27 Jun 2012 13:34:43 +0000 At this moment the “risky” Greece, Spain, Portugal and Italy are paying a regulatory subsidy to “safe” Germany.

The largest threat to Europe are the outright stupid financial nanny regulators who, by means of capital requirements for banks based on official ex ante perceived risk, first gave the banks excessive incentives to lend excessively to many sovereigns, and that, after the damage had been done, are causing the banks to retreat even faster from those messed up sovereigns. It was they who did Europe in!

By: JohnRamella Wed, 27 Jun 2012 00:43:57 +0000 So – you don’t mention the deficits being run-up by these governments and their socialist programs. I assume your solution is to devalue the new euro currency every 10-15 years. I’m sure bond holders won’t be wise to that ruse.

By: Rdabrludba Tue, 26 Jun 2012 15:50:33 +0000 India China are watching this Euro crisis with much amusement. Yesterday’s Lords are today’s loan- beggars. Germany is exception out of them-kudos to them. They are themselves ever hard working rational people, with not much lord- like tendencies. Incredible that they paid back billions of $ as war ransom and are still ahead of even those to whom they paid it. They are more patriotic than capitalist hence will survive all onslaughts of BPO. Their only problem is they are still made to feel guilty of the crimes their ancestors committed and hence willingly or unwillingly still have to serve slavish gestures to the most powerful US(and it’s turnkey Israel). This wont be needed if they advance militarily. The world dictum is military Might is always Right. This time WW3 won’t start from Germany, rest assured, it will start from Greater Israel.

By: kebrab Tue, 26 Jun 2012 11:00:49 +0000 There is a strong sense of Europe and being european deep within France… Even Lepen’s party had become less vocal against the European project because french people regard the European project as sacred. But wether Gaullists or Socialists, french see Europe as a Franco-German driven car. The goal of Europe for most french people is to avoid destructive competition between these two countries, and harness energy to put it in a mutually benifiting project… The associaion of “Club Med” is essential to most french citizen, that is why they have been supportive of bail out plan… Do not forget that France also pays of Greek bailout, not only Germany… But the association of Germany is central… To us I must say a Europe without Germany has just no sense… The exit of Germany defies the purpose of Europe in the first place… Does Germany want to play the regional superpower house again, like some start to question in France? That is for the future to tell… But the division of Europe between north and south could not bode well of the future of Europe, hence the world…

By: TA1 Tue, 26 Jun 2012 09:23:29 +0000 It is a shame to read this kind of analysis from an INET Board Chairman, since it does not add any value at all in times of turmoil. A disgusting piece of rubbish, obviously driven by a mixture of envy and anti-germanic thought patterns. Mr. Kaletsky has, firstly, forgotten who triggered the whole financial crisis, the greed-driven communities of Wall Street and London City. Secondly, in times of crisis, someone has to lead and I would always prefer an approach, that embraces austerity measures as proposed by Germany, the Netherlands and the Nordic countries, in comparison to a southern lifestyle sustained by credit. As a German let me advise you: nobody in Germany is navigating towards a “German Europe”; as a British economist Mr. Kaletsky might still think in terms of the usual german-bashing if something has gone wrong, but if this is the only analysis he can offer, it is old-fashioned and steems from the well known but annoying phobia generated by an inferiority complex and envy. Wake up, Mr. Kaletsky, and do not bother us with your analysis any more, it is a heap of crap. It is sickening to digest outdated thought patterns. Stop research, you will not learn anything new, and go play golf.