Posted on 03/03/2016 8:28:07 AM PST by Lorianne
This is as good as it gets for Germany and Europe.
Previously, it was the debt of the eurozone’s peripheral countries that was of concern to the markets.
But in an interview with Business Insider, Geopolitical Futures founder George Friedman proclaimed that Europe now has a much bigger problem: Germany.
And at the heart of the looming issue for Germany and Europe is the Italian banking system.
“[Problems in Italian banks are] going to spill over into the Netherlands, it’s going to spill over into Germany,” Friedman said. “Germany is the new PIIG. Germany depends on exports and its markets are drying up.”
The PIIGS economies — Portugal, Italy, Ireland, Greece, and Spain — were the main concerns during the European debt crisis of 2011 and 2012. And with those crises seemingly having passed and Europe moving back towards a path to economic stability, Germany has been a big winner with its economy as strong as its been since re-unification and an unemployment rate down to 4.5%.
(Excerpt) Read more at businessinsider.com.au ...
The only explanation for Merkel importing 1 million muslim young men that made any sense (outside of sheer stupidity) is that Merkel sees Europe’s declining demographics and debt load. She knows that if one country is growing among the rest of a declining EU, that country will LEAD and she wants Germany to be that country.
Of course, she thinks that Germany can turn 1 million illiterate, uneducated, violent, inbred M.E. and North African refugees into “Germans” which is sheer fantasy.
Italian bankers, eh? How do they compare to Chinese accountants and French engineers?
Or she’s a globalist and doesn’t care if she is sacrificing Germany for the greater good.
“Germany could be Europe’s next big problem’’. What , again?
Hitler bailed Mussolini out of his poorly planned military debacles, resulting in expending German resources from the invasion of the Soviet Union and delaying the outset of that invasion. Hitler’s bailouts may have caused the German defeat in the Soviet invasion and the demise of the Third Reich. Will German banks bailing out poorly managed Italian businesses and banks lead to a financial collapse as catastrophic as the Nazi military collapse 70-75 years ago?
Merkel has made a mess out of a perfectly good country.
All European nations should pull out of this EU as quickly as possible.
It's probably this.
Importing million of Arab men does NOT increase the birthrate in Germany. It's only by increasing the numbers of women of child bearing age that one can even position themselves to solve the population problem.
It's basic Herd Management, 101.
It's not just Italian banks that are in serious trouble. It's the fact that German Banks have been propping up Italian banks for decades...buying bonds...loaning money. And it's likely the Italian banks will default, leaving the German Banks holding the bag.
Germany systematically propped up Southern economies in order to preserve their export markets. Now the borrowers are either unwilling or unable to pay.
And Germany KNEW that would be the case eventually. But considering their ENORMOUS Capital Stock, Germany is in a position to absorb this blow. The other countries? No so much.
I didn't say that was her expectation. Her expectation is that it will increase Germany's productive capacity.
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