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Old 26-05-2012, 15:06   #758
Damien
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Re: Eurozone will collapse...

Quote:
Originally Posted by jempalmer View Post
Don't be beastly to the Hun? Seems to be another circular argument developing.
Don't make unwarranted comparisons with Nazism just because it's Germany is my argument. I think such a comparison has no weight other than the fact it's Germany and people seem to think they have a physiological trait to invade Europe. There is little to back up this theory, since Germany are not gaining out of this crisis.

---------- Post added at 15:06 ---------- Previous post was at 15:04 ----------

Quote:
Originally Posted by tweetiepooh View Post
One issue is that austerity measures can be very different depending where you start from. If you are in a "poorer" country then cutbacks could have much more impact than if you start higher up. So measures that might be unpleasant in Germany could really "hurt" in Greece.
Germany has a have better economy anyway so they will hurt considerably less but the austerity required by Germany is nothing compared to that required in Greece. This is because Germany didn't spend beyond their means whilst the Greeks did, and took a very relaxed approach to collecting tax.

It's not the same measures being applied across the Eurozone. It differs from country to country.
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