Skip to comments.Despite costly bailouts, Germany still benefits from the euro: Study
Posted on 05/04/2013 1:01:38 AM PDT by Olog-hai
Even if Germany had to write off the loans it extended to Southern European countries as part of the eurozones emergency rescue measures, the economic advantages of its membership would still be overwhelming, according to a recent study by the Bertelsmann Stiftung.
Without the euro, growth of the real gross domestic product [GDP] in Germany would be lower by about 0.5 percentage points per year, the study says, warning that without that euro, Europe would fall apart politically and become a losing player in international competition.
And projections for the future are looking bright, the study adds. Adding up the growth benefits of euro membership results in a profit of nearly 1.2 trillion ($1.6 trillion) between 2013 und 2025. For every German citizen, this represents an average extra income of about 1,100 ($1,442) per year" during that period, according to the study.
(E)ven if Germany had to write off a large percentage of the loans that it has made available to the heavily indebted states of southern Europe as part of the various euro rescue measures, the economic advantages of its membership of the monetary union would continue to predominate.
(Excerpt) Read more at euractiv.com ...
Mark Twain said, “Figures don’t lie. But liars figure.” The authors are trying to shore up the Communist European Union. The EU is nothing more than a modern day Soviet Union. The authors maker their benefit assumptions by assigning values to intangibles. It’s as if McDonald’s added $30% to their evaluation based on their assessment of goodwill.
The “diversity” of economies does not add strength to the fascist bundle of sticks. A more appropriate metaphor might be the weak link in a chain.
I could make up some numbers, too, that would show just the opposite. But it’s too early.
Some ideas are so stupid only an intellectual can believe them.
You aren’t considering those poor struggling Norwegians and Swiss who have to strive to survive in pockets of prosperity using their own national currencies, cast a drift in an ocean of debt ridden neighbors.
What if German taxpayers had to spend their money on themselves and their families instead of subsidizing the pensions of French unionists and Greek civil servants? Oh, how lucky is Germany, to have such willing dependents!
Very strong left bias. Frankfurt School. Do not expect honesty.
Who said they’re willing? Governments have fallen over the issue of taking bailout loans, and that being governments against taking these loans falling in favor of those who are for taking the loans. Happened in Ireland, Spain, Portugal, Greece and Italy (the latter two having had their leaders appointed by the EU in order to be all for taking bailout loans).
The German people are just as dead against the issuance of these bailout loans, and rightly sowhich makes them sympathetic with the rest of the people of Europe. The elite rulers? Not so much, especially since they get to set the terms, one of those terms being that the countries who take the loans surrender their sovereignty.
Just like out of the god of this world, I expect truth mixed with lies.
One thing about EurActiv is their strong pro-EU bias. It’s a good place to see the agenda being put on display.