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They are about to find out. After such a rupture they will no longer be able to be certain about the value of payments they receive from trading partners in much of Europe and the Deutchmark will be very strong and thus an impediment to German exports. But defending the euro requires political vision and courage, both of which seem to be lacking.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Apr 10th, 2011 at 03:15:12 PM EST
[ Parent ]
So in other words, the German industrial establishment (which is major here) is going to be pitted against the banking establishment.

This is going to be (if you'll excuse the term) rich.

Or: Angela Who?

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt št gmail dotcom) on Sun Apr 10th, 2011 at 04:18:53 PM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Apr 10th, 2011 at 04:27:21 PM EST
[ Parent ]
by Jerome a Paris (etg@eurotrib.com) on Sun Apr 10th, 2011 at 04:32:56 PM EST
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... it'd seem to leverage the bet to have an pro industrial-capitalist shock policy that the industrialists know about and can ram through when the shit hits the fan.

The financial-capitalists are quite possibly not looking out for a shock policy that looks after the common interests of industrialist-capitalists with other stakeholder and tosses the financial-capitalists under the bus.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 13th, 2011 at 02:15:13 PM EST
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Are the industrialists sufficiently united and organized to "ram through" a "pro-industrialist" shock policy? How many are compromised by being beholden to the financial capitalists?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 13th, 2011 at 09:58:20 PM EST
[ Parent ]
I wonder whether being beholden to finance capitalists is a motivation to do it.

In the US, certainly not. In Germany ... I don't know. Its a lot more plausible, in any event.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 13th, 2011 at 10:32:42 PM EST
[ Parent ]
I am reminded of the old maxim: "If you strike at a King you must kill him."

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 13th, 2011 at 10:39:42 PM EST
[ Parent ]
Hence why in US probably not.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Apr 13th, 2011 at 10:58:22 PM EST
[ Parent ]
I guess the industrialists were happy to let the bankers make most of the contributions and get most of the press until....

Fortunately for Germany, it still HAS a manufacturing sector. In better run economies, such as the USA and UK manufacturing is SO 20th century. My question is: why have the industrialists let things get to this point? Or does it take the earth opening up beneath them to arouse them from their stupor?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Apr 10th, 2011 at 04:38:27 PM EST
[ Parent ]
Fachidioten.

Isn't there a french word for it?

Their understanding of everything outside their area of competence is somewhat limited.

by IM on Sun Apr 10th, 2011 at 04:40:43 PM EST
[ Parent ]
In English a specialized idiot or idiot-savant? Suffers from tunnel vision?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Apr 10th, 2011 at 05:23:38 PM EST
[ Parent ]
Yes. That is the word.
by IM on Sun Apr 10th, 2011 at 05:47:11 PM EST
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Narrow-gauge specialist?

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Mon Apr 11th, 2011 at 05:55:16 AM EST
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That... would be a railfan :-)

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Mon Apr 11th, 2011 at 08:10:51 AM EST
[ Parent ]
... I'm a standard gauge specialist ...

OTOH maybe I'm not a true railfan.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 13th, 2011 at 02:16:33 PM EST
[ Parent ]
I meant, a narrow-gauge specialist is one special sub-type of railfans :-)

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed Apr 13th, 2011 at 05:28:46 PM EST
[ Parent ]
... someone who sees a reaction to someone being described as a narrow-gauge specialist as being a railfan, and whose first reaction is to think of the pro's and con's of having rails 2ft apart ...

... risks being a narrow gauge specialist in the broader sense, even if he comes down in favor of 4ft 8.5in.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 13th, 2011 at 06:59:02 PM EST
[ Parent ]

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