Did Germany sow the seeds of the eurozone debt crisis?

[Winterwolf]

This say the Germans now. The eternal German victim myth. Who benefits from this crisis ? German banks. What country still has economic growth ? Germany. Qui bono ? Germany.

Facts stay facts, even if they don't fit into your agenda. The € is not a German project and was provably a French condition for reunification. Our trade statistics since the introduction of the common currency 1999 also show clearly, that exports into the €-zone declined steadily, while those into the rest of the world increased.

I wonder how we profit from the crisis? We’ll never see the money again, that we lend to Southern Europe. The interest we would nominally get is a joke, because everyone knows that we sink our money. All the monetary aid just buys time, but without reforms in the troubled economies of the Euro zone, nothing will change and the massive aid turns out to be a bottomless pit. In the end there will be a debt cut and those who lent the money will be the real losers of the crisis.
Our economy still flourishes, because we aren’t that much focused on doomed Europe as the one and only market. It pays out, that our trade partners are diverse.

[The Lawspeaker]

Facts stay facts, even if they don't fit into your agenda. The € is not a German project and was provably a French condition for reunification. Our trade statistics since the introduction of the common currency 1999 also show clearly, that exports into the €-zone declined steadily, while those into the rest of the world increased.

I wonder how we profit from the crisis? We’ll never see the money again, that we lend to Southern Europe. The interest we would nominally get is a joke, because everyone knows that we sink our money. All the monetary aid just buys time, but without reforms in the troubled economies of the Euro zone, nothing will change and the massive aid turns out to be a bottomless pit. In the end there will be a debt cut and those who lent the money will be the real losers of the crisis.
Our economy still flourishes, because we aren’t that much focused on doomed Europe as the one and only market. It pays out, that our trade partners are diverse.

No it pays out that you draw the money out of the rest of Europe. Germany wanted the Euro herself so it could control the rest of us.

[Winterwolf]

Yeah, I see, a serious discussion based on facts isn't possible, just retarded conspiracy theories of evil Germans taking over once again.

[The Lawspeaker]

Yeah, I see, a serious descussion based on facts isn't possible, just retarded conspiracy theories of evil Germans taking over once again.

Whose industry is benefiting most ? German industry of course as it can freely dump it's products all over the place forcing locals out of business. Germany benefits on all fronts.

[Jarl]

The answer is simple - WHO made the wrong investments by taking the decision to lend large sums of money to not particularly viable economies?

People will opt for cheap credits. That is normal and understandable. What is less comprehensible is why a country which deems itslef one of world's largest economies and the financial core of the Eurozone took that risk in the first place?

[Winterwolf]

Whose industry is benefiting most ? German industry of course as it can freely dump it's products all over the place forcing locals out of business. Germany benefits on all fronts.

Read my previous posts, why our export oriented industry is doing better during this crisis than most of the other European industries. Has something to do with diverse trade partners...

[Winterwolf]

What is less comprehensible is why a country which deems itslef one of world's largest economies and the financial core of the Eurozone took that risk in the first place?

It has got nothing to do with a reasonable economic decision. Germany’s politicians don’t want to be held responsible for the break-up of the EU after two lost World Wars and all the shit we still have to endure, because of it.

[The Lawspeaker]

Read my previous posts, why our export oriented industry is doing better during this crisis than most of the other European industries. Has something to do with diverse trade partners...

It's mainly because Spanish and Greek businesses went out of business because they couldn't compete with the Germans.

[Jarl]

It has got nothing to do with a reasonable economic decision. Germany’s politicians don’t want to be held responsible for the break-up of the EU after two lost World Wars and all the shit we still have to endure, because of it.

What the heck do WW I and WW II have to do with this shit??? German banks paid shit loads of bogus money to poor debtors. And now they are going to suck cock for this. As simple as that.

You can't expect to evade responsibility if you introduce your own (in effect) currency and invest in poorer markets. Germany is the main creditor and disponent od Eurozone money.

[Winterwolf]

It's mainly because Spanish and Greek businesses went out of business because they couldn't compete with the Germans.

The usual market rules are hardly Germany’s fault. Inefficient and badly managed businesses are swallowed or go down. On the other side I wonder which southern European businesses actually competed with German ones, since we are usually active in completely different branches. Germany is known for engineering of all sorts, while southern Europeans have got a big agrarian sector.