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1 researchok  Fri, May 11, 2012 1:21:37am

The bigger question is why Germany ought to save the Euro.

That nation is not an insurance plan with unlimited claim policy.

2 (I Stand By What I Said Whatever It Was)  Fri, May 11, 2012 1:55:51am

re: #1 researchok

Saving export markets.

Seriously, that's a big reason for EU/Eurozone expansion: Expanding the scope of Germany's export market. That the customers would eventually not be able to pay their bills was as much a calculated "risk" as union deals with ridiculously high pension plans.

3 (I Stand By What I Said Whatever It Was)  Fri, May 11, 2012 2:16:32am

See, for instance:

[Link: www.telegraph.co.uk...]
[Link: www.guardian.co.uk...]
[Link: www.guardian.co.uk...]

4 researchok  Fri, May 11, 2012 2:38:23am

re: #2 Unlike Some People

That may be a benefit of sorts (assuming the Greeks, for example, can afford the goods) but if the load falls on one nation- Germany- the policy is not sustainable.

Can that nation be expected/shoud be expected to come to the rescue of Spain and Portugal,for example, if spending continues unabated?

5 (I Stand By What I Said Whatever It Was)  Fri, May 11, 2012 2:40:11am

re: #4 researchok

Why do you assume that the EU/Eurozone was supposed to benefit nations? Even mighty Germany is but a vessel.

6 researchok  Fri, May 11, 2012 2:44:57am

re: #5 Unlike Some People

Because the idea of an EU was always a political notion, first and foremost, then an economic union and lastly a social one.

See this

7 researchok  Fri, May 11, 2012 2:46:32am

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