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Germany is feasting on the rest of Europe
Business Insider ^ | July 19, 2015 | Corey Stern

Posted on 07/19/2015 3:08:56 PM PDT by BlopAndStop

The situation in Athens seems to have calmed down, but former Federal Reserve Chairman Ben Bernanke thinks Europe has an even bigger issue to worry about: Germany.

In a blog post on Friday, Bernanke wrote that the failure of the eurozone as a whole is very much related to the "highly asymmetric outcomes" among member nations.

In other words, Bernanke is attributing Europe's woes to the fact that countries like Germany are benefiting at the expense of the monetary union's weaker members, like Greece, Spain, and Italy.

Bernanke points to unemployment rates as a clear sign of the disparity in Europe.

Unemployment in the eurozone as a whole is actually up from late 2009/early 2010, when it was at about 10%.

Today, eurozone unemployment stands above 11%, and even passes 13% when excluding Germany.

Meanwhile, Germany’s unemployment rate is less than half of that, at under 5%.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Germany; News/Current Events; United Kingdom
KEYWORDS: alexistsipras; benbernanke; coreystern; europeanunion; eurozone; france; germany; greece; italy; nato; spain; syriza; unitedkingdom; whinewhinewhinewhine
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To: BlopAndStop

The problem with Greece is that, they just didn’t implement socialism well enough. They should look to Cuba to see how it’s done. Heck, Obama is opening diplomatic relations with Cuba, just to get Americans to get a taste of what a workers’ paradise is about.


21 posted on 07/19/2015 3:51:47 PM PDT by adorno (a)
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To: BlopAndStop

The sole purpose of the Eurozone is to hold down the Deutschmark.


22 posted on 07/19/2015 3:59:38 PM PDT by oblomov
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To: vbmoneyspender

And the country as a whole is very fearful of inflation.
The people still remember 1920-1922.


23 posted on 07/19/2015 4:00:12 PM PDT by Maine Mariner
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To: BlopAndStop

Don’t take the money?


24 posted on 07/19/2015 4:02:31 PM PDT by Berlin_Freeper
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To: oblomov

Wait til Germany rolls into the HQ of the EU and makes it part of the greater Germania. They may not even have to fire up their Lepard Tanks. The EU may hand them the keys.


25 posted on 07/19/2015 4:17:15 PM PDT by Forward the Light Brigade (Into the Jaws of H*ll Onward! Ride to the sound of the guns!)
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To: adorno

North Korea makes Cuba look like a piker.

We had (have) a communist for a Fed Chairman.
Never allow a human institution become that
powerful and unaccountable.


26 posted on 07/19/2015 4:19:18 PM PDT by WKTimpco
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To: BlopAndStop
Germany is feasting on the rest of Europe

Ja ja, ach du lieber, das ist vier gut, fantastisch! Sauerbraten, wienerschnitzel, das pommes fritten, das pizza, die Spanish rice!

Jawohl! (smack smack smack)

27 posted on 07/19/2015 4:20:25 PM PDT by ROCKLOBSTER
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To: BlopAndStop

Well, the solution is obvious. The Germans are going to have to give up a piece of their strudel so the PIIGS can have more.


28 posted on 07/19/2015 4:21:38 PM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: BlopAndStop
No citizen of any country in Europe is required to, or limited to Germany for any product.

No citizen of any country works as hard or as much as the German.

No nation in Europe is required to borrow money from Germany.

If the rest of the European people would get their shi!t together they wouldn't have a problem.

Otherwise they' will work for the Germans, or, not work and not eat.

Why do people make the situation out to be otherwise?

29 posted on 07/19/2015 4:34:51 PM PDT by Mariner (War Criminal #18 - Be The Leaderless Resistance)
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To: BlopAndStop
Germany is feasting on financing the rest of Europe
30 posted on 07/19/2015 4:57:28 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: usconservative

There is an all to common personality type that resents success. The Germans are successful because they work hard. The Greeks on the other hand spend a great deal of time trying to avoid taxes. When this bailout runs out they will be back with their hat in their hand looking for more. At some point the Germans will have to say no. Bernanke is an economist. H.S. Katz: “Modern economics claims to be a science. This is a sham and a fraud. When it fails to predict future events it does not act like the scientist, disregarding false theories in search of the truth; it acts like the Indian Medicine Man who has failed to make rain. It equivocates, rationalizes and tries to make minor adjustments.”


31 posted on 07/19/2015 5:12:32 PM PDT by Vehmgericht
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To: BlopAndStop

Germany is the only with a halfway functional economy


32 posted on 07/19/2015 5:42:22 PM PDT by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: dfwgator; DoughtyOne; lee martell; vbmoneyspender; ConservativeMind; 05 Mustang GT Rocks; ...
Image and video hosting by TinyPic

33 posted on 07/19/2015 6:56:07 PM PDT by SunkenCiv (What do we want? REGIME CHANGE! When do we want it? NOW)
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To: SunkenCiv

LOL, good one...


34 posted on 07/19/2015 6:57:39 PM PDT by DoughtyOne (Conservatism: Now home to liars too. And we'll support them. Yea... GOPe)
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To: SunkenCiv

35 posted on 07/19/2015 6:59:43 PM PDT by dfwgator
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To: dfwgator
The invasion of Soviet Union waes launched on June 22, 1941. 60 days late.

Should had waited until April 1, 1942.

36 posted on 07/19/2015 9:32:54 PM PDT by MinorityRepublican
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