Divorce inevitable as eurozone splits into two camps

verfasst von FOX-NEWS, 17.05.2007, 09:37

-->"Nicolas Sarkozy, front-runner for the French presidency, has already declared war on the ECB, calling for political control over the exchange rate. Markets assume he will be rebuffed. Maybe, but how will he react to that?

France will not sweat out deflation, like the others. It might pick its marbles and walk, doing to the euro what it did to the EU constitution."

Da haben uns die Franzmänner eine üble Laus in den EU-Pelz gesetzt...

"And what of Germany, conquering market share at the expense of Club Med in a beggar-thy-neighbour policy? House prices are rebounding after a long slump. Pent-up demand is bursting out. Germany will need higher rates, perhaps much higher.

Berlin gave up the D-Mark under an implicit contract that the euro would never fuel German inflation.

This contract will be enforced. If not, German citizens will pull the plug on EMU."

IMO wird der deutsche Bürger gar nichts tun. Er wird weiter ausgequetscht wie eine Zitrone

Auch folgendes Zitat aus dem Artikel spricht für sich:

"This is boom-bust with leverage - EMU's house dish. The Teutonic bloc can take the strain. Deutschland AG has just enforced the harshest wage compression of modern times.

Unit labour costs in manufacturing fell 4.4pc in 2005 alone as Volkswagen and Siemens extracted longer hours without extra pay under threat of moving jobs East.

Stealthily, Germany has gained 40pc in competitiveness against Italy since the D-mark and lira were fixed in 1995, 30pc against Spain, and about 20pc against France."

Ich merke es täglich, die Suppe wird wässriger...

Gruss

Sam
<ul> ~ Divorce inevitable as eurozone splits into two camps</ul>

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gesamter Thread:

• Spain risks crisis over vanishing reserves - Link (telegraph, uk) (o.Text) - chiquito, 17.05.2007, 08:54
  • Divorce inevitable as eurozone splits into two camps - FOX-NEWS, 17.05.2007, 09:37