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This is not a question of morality. A government that ruins too many pension plans would be removed from power. That is a question of political power, not morality.

Industrial civilization in Germany is well. The decision may be incompatible with a common currency in the EU, but that is a different thing.

by oliver on Wed May 8th, 2013 at 08:15:10 AM EST
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A government that ruins too many pension plans would be removed from power.

If only there is an alternative. And the "alternative" will not perform the same during its pendelum cycle.

by das monde on Wed May 8th, 2013 at 08:43:36 AM EST
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Destroying private pension plans is not impossible if the pension plans in question are replaced by sufficiently good public pensions. Just as destroying the public pension plans was not impossible because they were replaced by (the mirage of) sufficiently good private pension plans.

Lack of a common currency is incompatible with the current German industrial system, because lack of a common currency means that Germany cannot get anybody else to pay the cost of maintaining Germany's dead-end economic policies.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed May 8th, 2013 at 01:56:03 PM EST
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One word: Bürgerversicherung. Don't act as if the idea is alien to German politics.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed May 8th, 2013 at 05:45:16 PM EST
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