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#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||
#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||
#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||
#4 "Don't make me come down there again..."
Posted by mojo 2012-06-25 16:15||
#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||