€ mark
Ladies & Gentlemen,
according to the season it was in the last few days in Germany severe autumn storms, which were causing considerable local damage. This I would consider it but hardly worth mentioning because the repeated almost every year. - Gave
Violent storms also fall on Thursday and Friday in the international commodity and currency markets. While Obama, Merkel & Co. in Seoul struggled in the currency dispute about the benefits of their countries, Ireland was again the specter of € crisis flared. Ireland crisis was now break the € 1.36.
Once known, the euro rescue of European politicians had been looking forward to some rocking in the vain hope that the crisis was averted € final, especially since the foreign exchange markets signaled just that. Finally, the euro had from its lows to 1.17 against the U.S. dollar recovered so very sustainable to 1.43.
But as has happened in the past week, the crisis seems to be the currency community far from over. As in the case of Greece, Ireland is threatened by a state bankruptcy. Without funding from the European pot Ireland will come in spite of announced austerity measures barely make ends meet.
My opinion: In Europe, the currency has degenerated clearly contrary to the originally planned community of stability after 12 years to a transfer and community responsibility. Thus, the capable and industrious ultimately are the stupid ones.
If Germany (and other european Countries.) Would now make the painful journey back to their own currency, this would have in Europe and the world certainly large and sometimes difficult to calculate distortions result. On the other hand, the longer you push the issue on the backburner, the more expensive and painful turn out to be the end of the currency community. Under all circumstances it is but to avoid for years or decades of continuous crisis. The best Solution for the Euro would therefore voluntary departure of all Ireland and Mediterranean countries from the euro. Of these, however, is not likely because these countries benefit from the money transfer from North to South. That leaves only the possibility of these countries with energetic but peaceful means to exit from the Euro force. If, as expected, this should not succeed, would the European locomotive Germany have no other choice than to DM, which was as much as 50 years as a symbol of prosperity to return. To return something visually prepare tasty, you could then call that currency such as euros mark. --- Peter Bröll
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