Sunday, Feb 14, 2010
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The Telegraph: Most Germans want Greece thrown out of euro
The scale of public resistance throughout Europe to a potential Greek bail-out has become clear as it emerged that the majority of Germans think the Mediterranean nation should be thrown out of the euro if its problems deepen.
The findings underline the dilemma faced by eurozone ministers, who last week pledged to support the country if necessary, but stopped short of unveiling an explicit bail-out.
Lisa Hintz of Moody's said: "Make no mistake, a Greek default is another potential credit crisis in the making... it is not just the writedown of Greek debt; it is the mark-to-market of other sovereign debt.
"That would bankrupt the bulk of the European banking system, which is why it is unlikely to be allowed to happen."
4 Comments
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1. freemanphil said...
Well, the Germans had better get off their bottoms, because nobody is listening and this is an agenda. Their wealth will be stolen to bailout socialists in Greece, because the establishment want a collective society. Competition between states always benefits the most free society, which is why the bankers and politicians that fund collectivism hate national sovereignty. They want a one world socialist amalgam where wealth from previously free societies can be re-distributed to failed socialist states to prop up the centralization of power in those places. But somehow, they think this new collectivist system will be stable. This I very much doubt. We have a choice, international socialism and poverty, possibly genocide, or, personal liberty and untold wealth, because just imagine what we could do today, with present technology, if we combine huge productivity growth with freedom.
2. devo said...
"just imagine what we could do today, with present technology, if we combine huge productivity growth with freedom"
now you're talking!
3. matt_the_hat said...
As I know from personal experience the Germans like their rules - the only thing is that because they follow them verbatim (otherwise they just shout verboten) they don't know what to do when someone breaks them, i.e. Greece.
4. sneaker said...
Turns out Bild am Sonntag roughly equates to News of the World.
I would treat their survey results with that in mind.