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The Euro death watch
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<blockquote data-quote="pickup" data-source="post: 981562"><p>The more I think about it, the more it pisses me off. As far as I can tell, Canada, by not being a member of the European Union , did not enjoy any of the advantages that the member states did, in regards to shipping across borders without added customs(taxes). </p><p></p><p>But now when there are disadvantages to be paid for by EU, they are looking to Canada to help foot the bill.</p><p></p><p>SCREW THEM!</p><p></p><p>I have the same advice for Merkel that she dispensed to the Greeks, "Devalue internally". </p><p></p><p>I have to give the Germans credit for this European Union by the way. At its best they prosper, because Germany is very productive with relatively low unemployment rates. Ahh but low unemployment rates are linked to inflation which the Germans hate(think Weimar republic). By having the European Union, they can essentially outsource their extra production needs to member states with high unemployment(low wages) and bring this production into their country without any customs. This helps Germany power its economic engine at a high level without the inflation that would normally accompany it.</p><p></p><p>At its worst the European union doing badly means a lower value for the Euro which helps Germany with its exports. If Germany needs to help the other states a bit in return for them tightening their belts and giving Germany that cheap excess production, it's a good deal. </p><p></p><p>But Germany ain't stupid, they will only help if the benefits outweigh the cost. Even better, get countries like Canada to throw into the kitty. I understand that Merkel is eyeing the sovereign wealth fund of Norway (about 300 billion dollars , maybe more) for some help. And Norway , even though it is not a member of the E.U, does benefit somewhat from enjoying many of the same benefits because it is a party to the EEA (European Economic Area). So , maybe you can make a case for countries like Norway to share the pain, but to ask Canada??? Sheer Chutzpah! </p><p></p><p></p><p>But but BUT.... the European Union at its very very worst, member countries leaving(whether asked to or wanting to) and hence a smaller union. Or the very VERY worst, the total dissolution of the club which would leave Germany in particular, very very screwed. </p><p></p><p></p><p>I went out on some limbs here so my analysis might be suspect. Sue me!</p></blockquote><p></p>
[QUOTE="pickup, post: 981562"] The more I think about it, the more it pisses me off. As far as I can tell, Canada, by not being a member of the European Union , did not enjoy any of the advantages that the member states did, in regards to shipping across borders without added customs(taxes). But now when there are disadvantages to be paid for by EU, they are looking to Canada to help foot the bill. SCREW THEM! I have the same advice for Merkel that she dispensed to the Greeks, "Devalue internally". I have to give the Germans credit for this European Union by the way. At its best they prosper, because Germany is very productive with relatively low unemployment rates. Ahh but low unemployment rates are linked to inflation which the Germans hate(think Weimar republic). By having the European Union, they can essentially outsource their extra production needs to member states with high unemployment(low wages) and bring this production into their country without any customs. This helps Germany power its economic engine at a high level without the inflation that would normally accompany it. At its worst the European union doing badly means a lower value for the Euro which helps Germany with its exports. If Germany needs to help the other states a bit in return for them tightening their belts and giving Germany that cheap excess production, it's a good deal. But Germany ain't stupid, they will only help if the benefits outweigh the cost. Even better, get countries like Canada to throw into the kitty. I understand that Merkel is eyeing the sovereign wealth fund of Norway (about 300 billion dollars , maybe more) for some help. And Norway , even though it is not a member of the E.U, does benefit somewhat from enjoying many of the same benefits because it is a party to the EEA (European Economic Area). So , maybe you can make a case for countries like Norway to share the pain, but to ask Canada??? Sheer Chutzpah! But but BUT.... the European Union at its very very worst, member countries leaving(whether asked to or wanting to) and hence a smaller union. Or the very VERY worst, the total dissolution of the club which would leave Germany in particular, very very screwed. I went out on some limbs here so my analysis might be suspect. Sue me! [/QUOTE]
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