Article

2012-06-25 Europe

Germany tells Greece to stop asking for help and start cutting budgets

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Posted by Fred 2012-06-25 00:00|| || Front Page|| [6 views ] Top

#1 They did cut budgets -- they increased them by only 20% instead of 30%. That's a cut, right?

Standard Washington Formula

Posted by Procopius2k 2012-06-25 08:11|| 2012-06-25 08:11|| Front Page Top

#2 Yeah good luck with that Germany. The Greeks, Spaniards, French, Irish, Italians and Portuguese are done.

Posted by DarthVader 2012-06-25 10:53|| 2012-06-25 10:53|| Front Page Top

#3 As are the Germans who, by a significant majority, now support a new Deutsche Mark which would quickly become one of the world's strongest currencies. This, in turn, would cause the price of exports from Germany's export-led economy to skyrocket & their economy to quickly collapse. Either the Germans continue to subsidize Club Med (on Club Med's terms) or they suffer a Great Depression of their own.

Posted by AzCat 2012-06-25 13:10|| 2012-06-25 13:10|| Front Page Top

#4 "Don't make me come down there again..."

Posted by mojo 2012-06-25 16:15|| 2012-06-25 16:15|| Front Page Top

#5 ..a new Deutsche Mark which would quickly become one of the world's strongest currencies.

That excludes the Chinese model of artificially keeping the monetary unit low to maintain exports and business.

Posted by Procopius2k 2012-06-25 18:00|| 2012-06-25 18:00|| Front Page Top

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