The Eurozone's giant sucking sound | 136 comments (136 topical, editorial, 0 hidden)

Re: The Eurozone's giant sucking sound (4.00 / 3)

Had to google Transfer Union and found this from earlier in the year.

Here's an interesting comment:
"You also forgot to mention that there are transfer unions within some of the member states. Just think of Germany, where people complain about a transfer union, but they live in a state (e.g. Berlin or North Rhine-Westphalia) that gets more money than it gives thanks to richer states such as Bavaria (which then again has political reasons) or Baden-Württemberg."

by Number 6 on Tue Aug 28th, 2012 at 05:29:56 AM EST
[ Parent ]

Re: The Eurozone's giant sucking sound (4.00 / 4)

Of course, having whipped up a frenzy in Germany against EU-level fiscal transfer, Merkel and BILD have encouraged people to also criticise the transfers within Germany.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa

by Carrie (migeru at eurotrib dot com) on Tue Aug 28th, 2012 at 05:54:45 AM EST
[ Parent ]

Re: The Eurozone's giant sucking sound (4.00 / 4)

BILD conveniently forgetting that rich Bavaria was created by a transfer system from the norther states many decades ago, during recovery from WWII. But then...

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Tue Aug 28th, 2012 at 06:10:16 AM EST
[ Parent ]

Re: The Eurozone's giant sucking sound (4.00 / 4)

Don't be a demagogue, bringing facts into the discussion...

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa

by Carrie (migeru at eurotrib dot com) on Tue Aug 28th, 2012 at 06:11:28 AM EST
[ Parent ]

The Eurozone's giant sucking sound | 136 comments (136 topical, 0 editorial, 0 hidden)

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