Comments on: Van Rompuy Proposes Single Bond, and is Rebuffed by Germany http://www.tapsns.com/blog/index.php/2010/05/van-rompuy-proposes-single-bond-and-is-rebuffed-by-germany/ Mark Anderson Strategic News Service Sun, 16 Jan 2011 14:38:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tim Coldwell http://www.tapsns.com/blog/index.php/2010/05/van-rompuy-proposes-single-bond-and-is-rebuffed-by-germany/comment-page-1/#comment-2385 Tim Coldwell Fri, 11 Jun 2010 14:18:36 +0000 http://www.tapsns.com/blog/?p=1022#comment-2385 The banknote printers would love it especially as most are German or using German (or Swiss) presses:-) However, it's a lost cause because Germany would lose all the export (outside eurozone) benefits of a weak euro FX rate. Exports of Mercedes, BMW, Porsche (aka VW), Opel to EUR countries would plummet and stay low for a while. German banks would have to take even bigger haircuts on their myriad sovereign loans denominated in euros. Bad plan. Austerity is this year's financial buzzword, but politicians rarely have the balls when facing re-election. The banknote printers would love it especially as most are German or using German (or Swiss) presses:-) However, it’s a lost cause because Germany would lose all the export (outside eurozone) benefits of a weak euro FX rate.

Exports of Mercedes, BMW, Porsche (aka VW), Opel to EUR countries would plummet and stay low for a while. German banks would have to take even bigger haircuts on their myriad sovereign loans denominated in euros. Bad plan.

Austerity is this year’s financial buzzword, but politicians rarely have the balls when facing re-election.

]]> By: Mark Anderson http://www.tapsns.com/blog/index.php/2010/05/van-rompuy-proposes-single-bond-and-is-rebuffed-by-germany/comment-page-1/#comment-2350 Mark Anderson Mon, 31 May 2010 20:05:07 +0000 http://www.tapsns.com/blog/?p=1022#comment-2350 On the positive side, post WWII Germany has been devoted to the stability of its currency, and has been willing to do anything to make this a certainty. Underline, Anything. Here comes Greece. I think the Germans are making all of the internal political steps necessary for removing themselves from the EMU. On the positive side, post WWII Germany has been devoted to the stability of its currency, and has been willing to do anything to make this a certainty. Underline, Anything.

Here comes Greece.

I think the Germans are making all of the internal political steps necessary for removing themselves from the EMU.

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