Germany’s eurozone dilemma: should they stay or should they go?

spectator.co.uk

3 points·cwan··3 comments

The suggestion is insane. If it wasnt for the Euro our german exports would have never brought us our wealth that we currently have.

And by the way... judging by our german deficits right now... we wouldnt be allowed to join the eurozone right now, so we are not that much better either.

The eurozone is not only a currency it is mainly an investment in peace. Whatever happens economically is not gonna change that. The promise of a peaceful europe after centuries of nonsense wars is more than enough benefit to work on keeping the eurozone strong.

But what happened in the past does not mean that going forward is makes the most sense for Germany to stay the Eurozone. And you seem to be assuming that keeping the Eurozone "strong" is even a possibility, which seems doubtful as long as the Mediterranean members can redeem their fiscal excesses by having the Northern European members bail them out.

What's going to make them fundamentally change their ways? For how long will Germany's gains from being in the Eurozone be spent propping up the profligate PIGS?

It's rather interesting that every story I read advocating that any member of the eurozone should get out for one reason or other, was written by someone not in the eurozone.

I wonder if these people are trying to make the situation seem worse than it is in order to further drag down the value of the Euro. It certainly looks like that and I'm not one to believe conspiracies.

Yes, the situation is bad, but if the eurozone crumbles, every country involved will suffer. We would have trouble exporting goods and protectionist policies would be common.

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