Angela Merkel, it's time to act! Angela Merkel, it's time to act!
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  1. #1

    Better than AtW

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    Default Angela Merkel, it's time to act!

    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.
    Hard Brexit now!
    #prayfornodeal

  2. #2

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    Quote Originally Posted by sasguru View Post
    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.

  3. #3

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    The Spanish government called their bluff, has the cent finally dropped?
    Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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

  5. #5

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    Quote Originally Posted by AtW View Post
    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.
    Hard Brexit now!
    #prayfornodeal

  6. #6

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    Quote Originally Posted by russell View Post
    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.
    Hard Brexit now!
    #prayfornodeal

  7. #7

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    Quote Originally Posted by sasguru View Post
    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.

  8. #8

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    Quote Originally Posted by AtW View Post
    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.
    Hard Brexit now!
    #prayfornodeal

  9. #9

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    Quote Originally Posted by sasguru View Post
    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.

  10. #10

    Better than AtW

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    Quote Originally Posted by russell View Post
    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.
    Hard Brexit now!
    #prayfornodeal

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