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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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Hate to agree with Bernanke on ANYTHING, but the Eurozone really is Greater Germany without the war. What a neat trick that was.
1 posted on 07/19/2015 3:08:56 PM PDT by BlopAndStop
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To: BlopAndStop

The other countries are too lazy, that’s why the Germans are feasting on them.


2 posted on 07/19/2015 3:11:31 PM PDT by dfwgator
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To: BlopAndStop

Well..., who is the E.U. going to blame? It’s certainly not going to blame itself. It’s above reproach. LMAO

Germany is too damned successful, and that’s a crime these days unless your China.


3 posted on 07/19/2015 3:12:26 PM PDT by DoughtyOne (Conservatism: Now home to liars too. And we'll support them. Yea... GOPe)
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To: BlopAndStop

I’ve met some people who would say the exact opposite is true.


4 posted on 07/19/2015 3:14:01 PM PDT by lee martell (The sag)
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To: BlopAndStop

Damn Germans work too hard, save too much and are very reluctant to increase their public debt. Can’t have that.


5 posted on 07/19/2015 3:15:54 PM PDT by vbmoneyspender
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To: BlopAndStop

Germany is the only country that actually has a work ethic. I can’t believe that everyone can’t see this.

Socialism takes the good in humanity out of everyone. Germany has been the least influenced by this of the socialist-leaning EU countries.

If a country wants its citizens to party all the time, their productivity and GNP will suffer. It’s that simple.


6 posted on 07/19/2015 3:16:16 PM PDT by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
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To: dfwgator

The other countries are too lazy, that’s why the Germans are feasting on them. ........................................... Just think how short WW II would have been had only Spain and Greece joined the Axis. The Germans had their hands full with the Italians. As Dr Goebbels put it; “Why are the Italians in this war?” I am not saying the Germans would have been victorious,only that they would have lost sooner. I’m just wondering, in the next war in Europe, who’s turn is it to get the Italians? (or the Greeks and Spanish)


7 posted on 07/19/2015 3:18:48 PM PDT by Bringbackthedraft (2016 The RNC better come up with a Winner this time. Run some one like Cruz and Go for Broke!)
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To: Bringbackthedraft

They may very well have won in Russia if it weren’t for them delaying Operation Barbarossa to bail out Mussolini in the Balkans.


8 posted on 07/19/2015 3:20:24 PM PDT by dfwgator
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To: DoughtyOne

Bernanke reminds me of a client I had over 20 years ago. She was bitching about a neighbor, a German lady, that she had a disagreement with, and one of her major complaints was the fact that the German neighbor house floor was so clean that you could eat your food off it. I still chuckle when I remember that conversation.


9 posted on 07/19/2015 3:22:16 PM PDT by 05 Mustang GT Rocks
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To: dfwgator

The only thing that stopped them last time was incompetent leadership. And that was compared to the world leaders of that time. Today...? The only difference I see is that they can do it now with essentially no military!


10 posted on 07/19/2015 3:25:27 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day".)
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To: BlopAndStop

Greece has voted for its slavery.

Europe gave up its freedom and sovereignty to a diabolical cabal of godless socialists in Brussels. All with hardly a whimper.


11 posted on 07/19/2015 3:27:20 PM PDT by Shadow44
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To: BlopAndStop

Victori spolia


12 posted on 07/19/2015 3:27:29 PM PDT by Veggie Todd (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
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To: dfwgator

They may very well have won in Russia if it weren’t for them delaying Operation Barbarossa to bail out Mussolini in the Balkans..................and North Afrika. Put Rommel on the Eastern front instead of wasting time in the Libyan desert.


13 posted on 07/19/2015 3:27:37 PM PDT by Bringbackthedraft (2016 The RNC better come up with a Winner this time. Run some one like Cruz and Go for Broke!)
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To: BlopAndStop

Wait a minute....doing all the work and having to support everyone else is a good thing?


14 posted on 07/19/2015 3:30:06 PM PDT by proxy_user
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To: 05 Mustang GT Rocks

Good one. I’d be chuckling too.


15 posted on 07/19/2015 3:31:56 PM PDT by DoughtyOne (Conservatism: Now home to liars too. And we'll support them. Yea... GOPe)
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To: BlopAndStop

Germany’s the only country in Europe that makes anything that anyone wants to buy.That pretty much sums up the situation.


16 posted on 07/19/2015 3:36:13 PM PDT by Gay State Conservative (Obamanomics:Trickle Up Poverty)
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To: dfwgator

“They may very well have won in Russia if it weren’t for them delaying Operation Barbarossa to bail out Mussolini in the Balkans.”

It also might have helped them do better if they chose not to not delay by stripping naked, and executing all the women and normal people they could find. Homos on the roll.


17 posted on 07/19/2015 3:37:49 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
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To: ConservativeMind
Germany is the only country that actually has a work ethic. I can’t believe that everyone can’t see this.

Largely true. If I were a German worker, I'd be really pissed at Angela Merkel for using my hard earned tax dollars to bail out a bunch of lazy Greek workers who retire on average 10 years earlier than a German worker does.

I'd be surprised if Merkel survives the next election. The Germans are really pissed at her. (Family in Germany ... know of what I'm speaking here.)

18 posted on 07/19/2015 3:39:53 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: lee martell

I for one, agree with those folks.

These countries thought they would get economic relief by joining the EU. So they went belly up. With no recourse but to request bailout after bailout.

I know this is simplistic, but I equate it to going to the local payday loan place and once they see I’m not changing my ways...they take my car.


19 posted on 07/19/2015 3:45:27 PM PDT by berdie
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To: 05 Mustang GT Rocks

In Southern Germany where I lived 45 years ago, it was the local law, you had to shovel clean the snow from the sidewalk in front of your property by dawn.

So I’d be walking to work on the post, in the dark, and people would be up cleaning their section of the public walk.

Likewise car washing in public was prohibited on Sundays.

Very ordered, very law abiding, even if the laws go further than many Americans would like.

So when somebody goes to work, the employer can expect and can get a worker, who is accustomed to following directions and rules.


20 posted on 07/19/2015 3:46:26 PM PDT by truth_seeker (come with the outlws.)
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