Angela Merkel, it's time to act!

[sasguru]

Germany could lose 1.5 trillion euro immediately if the Euro collapsed: half of that amount by the Bundesbank and half by the rest of German banks.
Germany would become as indebted as Italy, proportionately to GDP.
And that's a conservative estimate.
According to the IfW, a German only Deutschmark would probably rise by 30%, leading to a 17% fall in exports and 7% decline in GDP.

This latter fact shows that Germany has artificially kept interest rates and hence the Euro down, and hence is partially responsible for the (predictable to all but politicians) condition of the PIIGS.

So do the right thing and couph up before we all go down the pan.

Ta very much for listening.

[AtW]

Germany could lose 1.5 trillion euro immediately if the Euro collapsed

Why would euro collapse?

Not sure what glue you sniffing today but ECB rates are currently higher than BOE.

[gingerjedi]

The Spanish government called their bluff, has the cent finally dropped?

[russell]

Next time just put the link to the article/blog with the opinion you are trying to pass as you own.

[sasguru]

Why would euro collapse?

Not sure what glue you sniffing today but ECB rates are currently higher than BOE.

Greece coming out of the Euro or not paying its next tranche of debts, Spanish banks failing - take your pick.
Seem you're talking the same tranqs as Master Bates.

[sasguru]

Next time just put the link to the article/blog with the opinion you are trying to pass as you own.

You're making the fundamental mistake of thinking everyone is as stupid and unoriginal as you are.

[AtW]

Greece coming out of the Euro

Who says they are leaving euro? Their newly elected Govt will want to keep it and there is no mechanism to kick country from eurozone if they don't want it to happen.

So euro will stay.

Looking at exchange rates now 1 GBP is 1.24 EUR, hardly a disaster given that GBP was much stronger in the past.

So I think you should shut the hell up and go deal with weeds in your garden.

[sasguru]

Who says they are leaving euro? .

Greece is bust. It has no money and no hope of growth any time soon on current policy.
So you're suggesting the same thing as I am, Germany has to pay .....
HTH, thicko.

[russell]

You're making the fundamental mistake of thinking everyone is as stupid and unoriginal as you are.

I didn't make it into your signature, so I assume you have a sneaking admiration of my intelligence and wit.

[sasguru]

I didn't make it into your signature, so I assume you have a sneaking admiration of my intelligence and wit.

Nah I ran out pf patience when listing the interminable no. of cretins on this forum.