Did Germany sow the seeds of the eurozone debt crisis?

[The Lawspeaker]

The usual market rules are hardly Germany’s fault. Inefficient and badly managed businesses are swallowed or go down. r.

Unless they are German then the rules go out of the rule book.

[Winterwolf]

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.

Not just German banks invested and lost a lot of money in southern Europe. In the beginning of the crisis Germany’s stance was to write off the losses so far and not to make the crisis even worse by losing even more money. Germany wanted to let the free market sort it out, but most other Europeans preferred socialist politics and delaying insolvency by pumping in more and more money. Now the situation is even worse than in the beginning, because the losses exceed those of the beginning by far, which make an exit strategy even more costly. Unfortunately our government repeatedly bent over to the will of our European “friends”.

Again, the € wasn’t a German idea, but a condition for reunification. If we had to swallow the bitter pill of a common currency, then at least we wanted to make sure, that it would be a hard and stable currency, because it has always been Germany’s policy to prevent inflation. Germany isn’t the main creditor out of free will, but out of “necessity”, as our political class always tries to portray it. In reality the German political class doesn’t want to be held responsible for the break-up of the EU, so they will follow Brussels and the socialist majority within the EU to the bitter end.