Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Greece becoming more competitive means that Germany becomes less competitive.

There are two ways in which that can happen: Germans can pay themselves more, or Greeks can pay themselves less.

In the former case, everybody wins (except the banksters). In the latter case, everybody loses (including the banksters).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Feb 18th, 2012 at 07:54:41 AM EST
[ Parent ]
I dont see Greece competing much with German products, are making Audi more expensive will help the Greek auto industry ??
macroeconomic fallacy, this blog use to be much more interesting, but at least this tread is funny.

What do you say to Dexia's "banksters", as many bank Dexia as lended to Greece.I guess all these banks will be soon only shadow of themselves (retail part only) if Greece default, and there will not be anyone left in Europe to invest in wind energy.

by fredouil (fredouil@gmailgmailgmail.com) on Sat Feb 18th, 2012 at 11:21:44 AM EST
[ Parent ]
Do you want to have a laught about Dexia? Check this out.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Sat Feb 18th, 2012 at 11:26:34 AM EST
[ Parent ]
there will not be anyone left in Europe to invest in wind energy

You are aware banks are divesting from their project finance businesses?

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Sat Feb 18th, 2012 at 11:29:08 AM EST
[ Parent ]
I dont see Greece competing much with German products, are making Audi more expensive will help the Greek auto industry??

Paying German Audi workers more will allow them to buy more olive oil.

The solution to this crisis is to give Germans more money so they can import more.

What do you say to Dexia's "banksters", as many bank Dexia as lended to Greece. I guess all these banks will be soon only shadow of themselves (retail part only) if Greece default, and there will not be anyone left in Europe to invest in wind energy.

Ah, finally, a clear admission that this entire manufactured crisis is about camouflaging a bailout of German, French and British (in roughly that order) banks.

Thank you so very much for admitting that. Can we please stop pretending that it's about Greece now?

If you want to bail out Dexia because Dexia does business you like, then bail out Dexia. Don't invent an elaborate Ponzi scam that involves reducing Greek wages to Egyptian levels and appointing colonial viceroys to formerly sovereign European countries.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Feb 18th, 2012 at 11:39:45 AM EST
[ Parent ]
just for the record, I left that bank two years ago...

Wind power
by Jerome a Paris (etg@eurotrib.com) on Sat Feb 18th, 2012 at 04:18:06 PM EST
[ Parent ]

Display:

Occasional Series