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German future - Deutsche Mark or Euro?

  • #1
  • First Post: Mar 3, 2012 5:57am Mar 3, 2012 5:57am
Dear fellow members,

we often hear that Greece (or other nations) should be kicked out of the Euro but how about the other side of the coin.
I want to know your opinion about whether or not Germany should remain in the Euro. Let's face it, the southern european nations need to be able to play with their currency /inflate it/ to keep their budgets reasonable. On the other hand, the disciplined germans, with their 1st class work ethic /and the resulting 1st class products/ do not.
I understand that Germany depends on exports and it's going quite well, with a big fat trade surplus - but is the Euro really necessary to keep it this way?

So ... Euro or not? Maybe a "stronger" Euro for countries that are ready and a "loose" Euro for the PIIGS?

Opinions from German taxpayers - the de facto bailout providers - welcome!
forget about tomorrow, just steal away into the night
  • #2
  • Mar 3, 2012 6:12am Mar 3, 2012 6:12am
Quoting spekitox
Dear fellow members,

we often hear that Greece (or other nations) should be kicked out of the Euro but how about the other side of the coin.
I want to know your opinion about whether or not Germany should remain in the Euro. Let's face it, the southern european nations need to be able to play with their currency /inflate it/ to keep their budgets reasonable. On the other hand, the disciplined germans, with their 1st class work ethic /and the resulting 1st class products/ do not.
I understand that Germany depends on exports and it's going quite...
yes, I think a stronger euro for the stable countries would be beneficial. I actually think that having as many currencies as possible is the most efficient way of managing the world economy. Going to a single currency doesn't make much sense. If each country or even province would have their own currency and debt coupled with that currency, they can handle the debt much easier by inflating their currency. Also you would balance out all the different economies much better. The ones which have a weaker economy would be able to attract new money, cause their currency would be weaker (thus exports from that economy would be cheaper than in economies which are already better developed and have a higher currency value). And so on. Currencies are important for every economy to be able to balance themselves out against other economies.

Hope that makes some sense.
  • #3
  • Mar 3, 2012 6:41am Mar 3, 2012 6:41am
It has been said that Germany has succeeded with the EU what they failed to do in two World Wars. They have benefited greatly from the rest of Europe buying their products. I think they have the most to lose if the Euro were to fail.
  • #4
  • Mar 3, 2012 6:46am Mar 3, 2012 6:46am
Quoting Dopey
It has been said that Germany has succeeded with the EU what they failed to do in two World Wars. They have benefited greatly from the rest of Europe buying their products. I think they have the most to lose if the Euro were to fail.
the germans were as well the number 1 exporting country when they still had the deutsche mark. I think they don't have much to lose.

The only real benefit of the euro is that it ties economies together and ensures peace in the developed countries. And that is an argument that justifies the euro.
  • #5
  • Mar 3, 2012 10:29am Mar 3, 2012 10:29am
Quoting Custos
the germans were as well the number 1 exporting country when they still had the deutsche mark. I think they don't have much to lose.

The only real benefit of the euro is that it ties economies together and ensures peace in the developed countries. And that is an argument that justifies the euro.
I don't see much peace on the streets of Greece or Italy? Being tied together maybe a good thing but being tied to a lead weight is another
  • #6
  • Mar 3, 2012 10:38am Mar 3, 2012 10:38am
Quoting willf
I don't see much peace on the streets of Greece or Italy? Being tied together maybe a good thing but being tied to a lead weight is another
there is a difference between unrest and war.
  • #7
  • Last Post: Mar 6, 2012 3:28am Mar 6, 2012 3:28am
Tied to a lead weight, that's a good one. The (relatively) new Euro members, Slovakia and Estonia, with a per capita GDP of around $15k are borrowing money to help Greece with a GDP of $27k. Why? What for? There's no "one nation", or "one language", in Europe - unlike China or US.

Europe is funny because a national hero in a country is a traitor in another country. Name any EU nation and I'll give you 3 derogatory stereotypes - told by other nationals.

Lack of unity begins with lack of common language. Another joke, everything, every official document being translated to 27 or so languages, even if some of them are so similar, the only difference is an accented character or a y versus i.

Quoting willf
Being tied together maybe a good thing but being tied to a lead weight is another
forget about tomorrow, just steal away into the night
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