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Should Germany leave the Euro?
There's all this talk about Greece leaving (being "kicked out") of the Euro because of their financial difficulties. But it seems to me that Germany is being asked to make a large financial sacrifice on behalf of poorer member states (e.g., pay for them to not default on their debt).
My question is this: Is it in Germany's best interest to do this? Why is it not in Germany's best interest to simply leave the Euro and go back to the Deutsche Mark?
Germany has a strong interest in a financially-stable Europe since its exports of goods and services amount to well over 40% of its GDP. If it were to exit the Euro and leave the rest of Europe in financial distress, its exports would suffer and the German economy would be hurt. Germany would be better off teaching its neighbors how to better manage their budgets and grow their economies, which would help them buy more of Germany's products. But Germany cannot simply dictate its demands to its neighbors. Rather, it needs to respect their sovereignty and should be willing to accept compromises in the pace of the needed reforms.
What an amazingly complex question!!
I agree that a stable Europe is vital to German economic interests, but a nation that doesn't control its own currency isn't a sovereign nation.
They should have an northern Europe valuta.. Including: Germany, France, Belgium, Luxemburg, Austria and perhaps Great britain and the Scandanavians
by RighterOne5 years ago
How do you expect the Fiscal Crisis of the Euro to end?And do you think that the US and China are doomed to follow the same fate?
by PeterStip2 years ago
Should Greece leave the Euro?The financial crisis is enormous and the dept is almost impossible to repay. Should Greece leave the Euro and start printing their own money again?
by CMHypno8 years ago
Fitch has downgraded Spanish debt and Germany is panicking. Will the Euro survive much longer?http://www.guardian.co.uk/commentisfree … uro-crisis
by tipstoretireearly6 years ago
Who will blink first: Greece or Germany? Or will both sides put Europe into a tailspin?
by CheapInMadrid6 years ago
RUMOUR OR TRUTH:IS GERMANY CONSIDERING OPTING OUT OF THE EURO ZONE?The global financial crisis has his many European countries HARD.Think,Greece and Spain.European Union members are getting nervous everyday with...
by Sam Wickstrom17 months ago
Places like sweden and germany have had a massive increase in rapes and assaults. Not only that but there are many areas in europe where police will not even go, it's basically claimed Muslim sharia jurisdiction. Women...
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