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Germany printing Deutsche Marks, British Foreign Office warns of euro chaos

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Red_Dave

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The link is broken :(

And good for Germany. If I were the Germans I would leave the Eurozone and swap back to my national currency.
 
According to the comments section, this was rumoured in the Telegraph. A few days ago, the WSJ reported the Irish Central Bank was printing our old currency which was denied. Interestingly, both papers are anti-EU.
 
digsbe said:
And good for Germany. If I were the Germans I would leave the Eurozone and swap back to my national currency.
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So you would want to go back to the "national currency" that would have a huge value, meaning your main job creator, exporting would take a nose dive... yea that sounds very wise...
 
Let's hope it's true. Regionalization is the biggest affront to human rights and national sovereignty of our times.
 
PeteEU said:
Yea and the person who started this rumour was a former Bush jr advisor and known anti-European American... big ****ing deal.
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You're certain its not true? I think a signature bet is in order.....
 
Red_Dave said:
You're certain its not true? I think a signature bet is in order.....
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No major business outlets are printing that Germany is printing marks, the first mention of which was a "suggestion"

Given that Germany would see its banking system collapse if the Euro collapsed, I strongly doubt Germany is actually preparing for the collapse of the Euro, that it has plans in place in case it does, sure.
 
Red_Dave said:
You're certain its not true? I think a signature bet is in order.....
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First off it is a rumour. This is what this whole crisis is driven by.. rumours who in 99% of the time are utterly false. There is a rumour that Ireland is printing money.. a rumour that Kate is pregnant and a rumour that there is life on mars.. come one, how about some ****ing facts driving the debate for once?

Secondly the whole rumour was started by Pippa Malmgren. It came out of the blue and with zero back up of the claim.

Ex-Bush Adviser: Germany Prints Old Currency in Case Euro Ditched

She was mouthing her self off to a group of investors.. hmm investors who have money in say J.P. Morgan and similar companies who are sitting on a ton of sovereign CDS?

Now you got to ask yourself... why would Pippa Malmgren say such slander? Then you look at her background... Bush advisor.. member of the Council of Foreign Relations and a long list of right wing elitists clubs and groups and the alarm bells start going off.

If she had provided a shed of proof, then maybe I would take her seriously, but she did not and she is nothing but another one in a long line of people that are spreading rumours so to undermine efforts by European governments to fix the problems of the Eurozone... and they all pretty much come from two sources... US and UK.

So ask yourself, what on earth would an American economist advisor to the Bush administration have to gain or want from a break up of the Euro and possibly the EU.. one less major economic competitor maybe?
 
Lord Tammerlain said:
No major business outlets are printing that Germany is printing marks, the first mention of which was a "suggestion"

Given that Germany would see its banking system collapse if the Euro collapsed, I strongly doubt Germany is actually preparing for the collapse of the Euro, that it has plans in place in case it does, sure.
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True , as are Pete's assertions about the source. That said I if the risk of rioting etc. is so great it wouldnt surprise me if there were one of these out

DA-Notice - Wikipedia, the free encyclopedia
 
digsbe said:
The link is broken :(

And good for Germany. If I were the Germans I would leave the Eurozone and swap back to my national currency.
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Why? Given that Germany is the largest capital goods supplier in Europe (think tools!), a breakup of the Eurozone combined with the recession that will surely follow does not bode well for an export driven economy such as Germany.
 
PeteEU said:
First off it is a rumour. This is what this whole crisis is driven by.. rumours who in 99% of the time are utterly false. There is a rumour that Ireland is printing money.. a rumour that Kate is pregnant and a rumour that there is life on mars.. come one, how about some ****ing facts driving the debate for once?

Secondly the whole rumour was started by Pippa Malmgren. It came out of the blue and with zero back up of the claim.

Ex-Bush Adviser: Germany Prints Old Currency in Case Euro Ditched

She was mouthing her self off to a group of investors.. hmm investors who have money in say J.P. Morgan and similar companies who are sitting on a ton of sovereign CDS?

Now you got to ask yourself... why would Pippa Malmgren say such slander? Then you look at her background... Bush advisor.. member of the Council of Foreign Relations and a long list of right wing elitists clubs and groups and the alarm bells start going off.
If she had provided a shed of proof, then maybe I would take her seriously, but she did not and she is nothing but another one in a long line of people that are spreading rumours so to undermine efforts by European governments to fix the problems of the Eurozone... and they all pretty much come from two sources... US and UK.
Click to expand...

So ask yourself, what on earth would an American economist advisor to the Bush administration have to gain or want from a break up of the Euro and possibly the EU.. one less major economic competitor maybe?
Click to expand...

I just love reading your posts, PeteEU because they are so... 'European'. That is they tend to wander off in all directions hoping an answer to life's problem's will be stumbled upon somewhere along the way. Always uncertainty and never a clear philosophy. Simply a series of social experiments.

So the same guy who says
This is what this whole crisis is driven by.. rumours who in 99% of the time are utterly false. There is a rumour that Ireland is printing money.. a rumour that Kate is pregnant and a rumour that there is life on mars.. come one, how about some ****ing facts driving the debate for once?
Click to expand...
also says


She was mouthing her self off to a group of investors.. hmm investors who have money in say J.P. Morgan and similar companies who are sitting on a ton of sovereign CDS?
Click to expand...

and
Now you got to ask yourself... why would Pippa Malmgren say such slander? Then you look at her background... Bush advisor.. member of the Council of Foreign Relations and a long list of right wing elitists clubs and groups and the alarm bells start going off.
Click to expand...

and

If she had provided a shed of proof, then maybe I would take her seriously, but she did not and she is nothing but another one in a long line of people that are spreading rumours so to undermine efforts by European governments to fix the problems of the Eurozone... and they all pretty much come from two sources... US and UK.
Click to expand...

So after calling for 'facts to drive the debate' you immediately begin speculating and spreading more rumor.

Such is the mess in Europe, and there are strong indications it was ever thus.
 
Germany can't keep footing the bill for all these other countries. For short-term political reasons, it would be best for Germany to get out of EU and control its own financial issues. This could reduce exports to neighboring countries as they have financial downfalls. The long-term view would encourage Germany to stay in the EU, in hopes that it will build all the financial strength of the EU, and increase Germany's exports.

It is a rock and a hard place. Pain now or pain later.
 
Blue_State said:
Germany can't keep footing the bill for all these other countries. For short-term political reasons, it would be best for Germany to get out of EU and control its own financial issues. This could reduce exports to neighboring countries as they have financial downfalls. The long-term view would encourage Germany to stay in the EU, in hopes that it will build all the financial strength of the EU, and increase Germany's exports.

It is a rock and a hard place. Pain now or pain later.
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It will be pain now and pay later. People will not be receiving their pensions either.
 
Obviously Germany needs to start rolling out the Panzers to get Europe back in order.
 
i have been living in Germany the past year and a half and i can tell u the euro has been kicking our butt. i hear stories about how it was the other way when Germany had the mark. my only thing about this is what if this was Texas, and the rest of the u.s. was crumbling? wouldn't we force Texas to pick up the tab? i know the E.U. is a confederacy and each state in it is for the most part sovereign, and the u.s. is a federation now. Its the other Europeans countries fault for being in this situation but Germany should lend the money if the rest of the e.u. signs a contract that outlines how there going to improve their economies.
 
Samhain said:
Obviously Germany needs to start rolling out the Panzers to get Europe back in order.
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There's been just too much peace in Europe recently and as a result the people are confused, lost, uncertain about their futures.

Their problem is that they once needed someone to hate and then, as the theory goes, when they eliminated these hated people they will all settle in to share in a better life together. That hope they once shared as a culture has been thwarted by peace. The Jews have become passe, as have the Americans. And f they dare hate the Muslims their cities will be destroyed.

It's tough to be a European these days.
 
KnasterC said:
i have been living in Germany the past year and a half and i can tell u the euro has been kicking our butt. i hear stories about how it was the other way when Germany had the mark. my only thing about this is what if this was Texas, and the rest of the u.s. was crumbling? wouldn't we force Texas to pick up the tab? i know the E.U. is a confederacy and each state in it is for the most part sovereign, and the u.s. is a federation now. Its the other Europeans countries fault for being in this situation but Germany should lend the money if the rest of the e.u. signs a contract that outlines how there going to improve their economies.
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Texans grow up with the idea that they are Americans first and Texans second. The Germans are now expected to be Europeans first and Germans second. The same rule of thumb applies to all Europeans now, an unrealistic and hopeless expectation, no matter what coercive efforts go into it.
 
PeteEU said:
So you would want to go back to the "national currency" that would have a huge value, meaning your main job creator, exporting would take a nose dive... yea that sounds very wise...
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Seems better than being driven into near bankruptcy by Greece. There's a line behind Greece too with financial problems. Germany wouldn't be having these problems if not for the Euro. The Euro was too grand an idea. It was trying to unite too many different economies and cultures together. Printing one's own money is a huge mark of sovereignty; giving it up to something as widely inept as the EU is really stupid. Germany would do well to go back to their own currency and reject the Euro.
 
The EU as it is is doomed, the Euro, headed for the trashbin. Chaos, is looming on the horizon.
 
KnasterC said:
i have been living in Germany the past year and a half and i can tell u the euro has been kicking our butt. i hear stories about how it was the other way when Germany had the mark. my only thing about this is what if this was Texas, and the rest of the u.s. was crumbling? wouldn't we force Texas to pick up the tab? i know the E.U. is a confederacy and each state in it is for the most part sovereign, and the u.s. is a federation now. Its the other Europeans countries fault for being in this situation but Germany should lend the money if the rest of the e.u. signs a contract that outlines how there going to improve their economies.
Click to expand...

Recently Greece renegotiated its debt and 60% or 70% of the debt was forgiven. That would be "default" under any financial analysis. If Germany signed a contract with Greece, it could expect more of the same. The Reserve Banks are tripping all over themselves to make sure nobody suggests that a default occured, but reality bites. The debate is framed to adjust perception to debt was forgiven not that it was defaulted. Perception is everything when currencies are supported by "confidence" and lack intrinsic substance, don't you think?
 
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