Aprisaiden on 01 January 2012
| routsounmanman said: As a person who's seen this first-hand, the recent austerity and cap-spending measures are NOT the way to go. Whilst already in a recession, measures like these seriously tear the economy apart. Countries like Greece, Portugal, Ireland and now Italy (seriously they're now the greatest problem by far) simply cannot pay up longterm and will eventually drown in debt. The European Central Bank should print some money and bail out. I don't get it why Germany resists to this so much; I'm sure a little inflation and especially a weaker Euro should be better for them. |
Germany has seen the effects from printing* too much money in order to pay for WWI ( 10 'reichs'marks was worth ~8 'gold marks' in 1919, in 1923 1 billion 'reichs' marks was worth 8.65 'gold marks')
*before im corrected i am aware that germany printing excessive quantities of money is only one of the causes of german inflation.
