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Germany vs. Europe
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Germany is turning nationalistic in its approach to the debt crisis in Greece. This comes as Germans consider economic successes as Germany's, and failures in Europe, as the problems not of a united Europe but of these individual countries. The largest circulation German newspaper, Bild, suggested Greece sell the Acropolis to payoff creditors in the bond markets, and putting a estimate of $140 billion for this monument. A senior member of Merkel's party suggesting Greece sell off some of the Aegean islands. And a Bild poll showing a majority of Germans favor expelling Greece from the euro. There is not sufficient acknowledgement by German public opinion of the value to Germany of the export markets in Europe and the part they played in Germany's economic success.
A German view of bailouts by the president of the Ifo Institute in Munich
05/26/2010
Hans-Werner Sinn of the Ifo Institute says Germany has already done its part, and socialization of losses in Europe- through eurobonds or other measures- is dangerous. Something he says, even the U.S. avoided doing in the 1830's and 1840's when it let 8 states go bankrupt.
Grouped Articles
Elites Flock to Anti-Euro Party, Alternative for Germany
New York Times 04/14/2013
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
New York Times 05/26/2010
German Election Overturns Political Order
Wall Street Journal 09/23/2013
Germany Open to Deal on Pooling Euro Debt, With Limits
New York Times 06/04/2012
Germany Can't Fix the Euro Crisis
New York Times 06/12/2012
Allan Meltzer's soluton for the financial crisis facing euro currency countries Portugal, Spain, Italy, Ireland and Greece
05/26/2010
Meltzer says a new currency union should be setup for the northern countries France, Germany, and others who commit to financial discipline and fiscally binding arrangements. The euro currency countries such as Italy and Greece should devalue their currency to fix gaps between wages and productivity in their countries. At a later stage these countries could be readmitted to the new currency union under strict fiscally binding arrangements with enforceable sanctions.
Grouped Articles
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
New York Times 09/25/2011
New York Times 05/26/2010
Wall Street Journal 09/14/2011
IMF Chief's Change of Tune on Bank Capital
New York Times 09/14/2011
Austerity in Italy May Not End Its Jobs-for-Votes System
New York Times 09/14/2011
ECB study in April 2013 using 2009-2010 data showing the median household wealth in Germany at 50,000 euros, lowest in the eurozone
03/03/2010
The median for household wealth in Greece is 102,000 euros.
Grouped Articles
Elites Flock to Anti-Euro Party, Alternative for Germany
New York Times 04/14/2013
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Wall Street Journal 03/03/2010
New York Times 05/26/2010
Europe's Easy-Money Policy Snubs German Savers
Wall Street Journal 11/25/2013
Americanized Labor Policy Is Spreading in Europe
New York Times 12/03/2013
How the German role in the eurozone crisis is viewed inside Germany, in Greece, Spain, Italy and the rest of Europe
05/26/2010
German media/public opinion and media/public opinion in other eurozone countries.
Grouped Articles
Elites Flock to Anti-Euro Party, Alternative for Germany
New York Times 04/14/2013
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Germans Love Europe â But Not the Euro
New York Times 10/11/2011
New York Times 05/26/2010
Luxembourg Foots a Big Piece of the Greek Tab
BusinessWeek 05/27/2010
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
Hans-Joachim Fuchtel, Bavaria's CSU leader Seehofer's and Merkel's effort to mend Germany's relations with Greece
05/26/2010
The German envoy visits Athens and talks to ordinary Greeks to mend strained relations. He describes his youthful days driving around Greece in a VW.
Grouped Articles
New York Times 05/26/2010
Germans Respond to Merkel's 'Motherly' Side
Wall Street Journal 08/23/2013
German Election Overturns Political Order
Wall Street Journal 09/23/2013
Greece and Its Creditors Pummel Each Other, but Fight Is Not Over Yet
New York Times 06/19/2015
Angela Merkel Sends Envoy to Greece to Mend Ties
New York Times 09/09/2012
Chancellor Merkel to Pay Visit to Athens
Wall Street Journal 10/05/2012
How Greece's and Ireland's debt crisis affects Germany, France, Portugal and Spain.
04/28/2010
German banks have large holdings of Greek bonds, and much larger holdings of bonds from the crisis affected countries of Greece, Portugal, Spain and Ireland.
Grouped Articles
Already Holding Junk, Germany Hesitates
New York Times 04/28/2010
Euro Rises After I.M.F. Increases Aid Pledge to Greece
New York Times 04/29/2010
As Greek Drama Plays Out, Where Is Europe?
New York Times 04/29/2010
Europe Acts Swiftly on Long-Delayed Greek Bailout
New York Times 04/29/2010
The Next Global Problem: Portugal
New York Times 04/30/2010
Portugal to cut wages, raise taxes
Wall Street Journal 05/14/2010
A warning light for Greece to exit the eurozone and return to the drachma to restore competitiveness and growth 2011-2012
05/26/2010
Greece needs to lower prices by 31% just to get to the level of Turkey, says the head of the Ifo research institute in Germany, Wener Sinn. Experts fear a breakdown in civil order inside Greece if deflation at this level occurs with Greece still using the euro. Hollande, the Socialist party candidate in France, also expressed similiar concerns, as reported in the New York Times, calling it a breakup in European governance that followed the breakdown in Greek governance. Sinn says the bondholders are overly exaggerating the risks of a breakup in the eurozone if Greece exits the euro.
Grouped Articles
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
New York Times 09/25/2011
New York Times 05/26/2010
New Attempt at French-German Amity Stumbles in Venice
Wall Street Journal 08/21/2013
German Election Overturns Political Order
Wall Street Journal 09/23/2013
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
Cultural divisions in the European Union
05/26/2010
Austerity programs, the pressure on Germany to fund the debt reduction programs in the EU, and historical allusions in the media, create a difference in cultural perceptions and cultural division in the European Union.
Grouped Articles
New York Times 05/26/2010
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
The Rest of Europe vs. Germany
New York Times 02/16/2012
New York Times 02/19/2012
Europe's preparation for Greece's exit from the euro 2011-2012
04/19/2010
Germany would lose $127 billion or 3% of GDP, and France about $50 billion or 3% of its GDP if Greece exited the eurozone. The concern about orderly acceptance of the exit without affecting Spain and Italy in financial markets remains.
Grouped Articles
Weber Sees Greece Needing More Aid
Wall Street Journal 04/19/2010
New York Times 05/26/2010
‘Grexit’ Could Happen by Accident
Wall Street Journal 01/12/2015
A Greek Exit? Euro Zone May Be Ready
New York Times 05/17/2012
Wall Street Journal 05/18/2012
Cost of Losing Athens Can't Be Calculated
Wall Street Journal 05/19/2012
Low wages in minijobs as the blemish in the "Jobswunder" in Germany
05/26/2010
A quick look at the graphs for the increase in low wage jobs and the reduction in the number of people classified as jobless in Germany for 1999- 2010 shows a disturbing trend beneath the good numbers- a significant part of the increase in jobs is made up of low wage jobs. In the beginning the minijobs and tax free income for upto 450 euros a month earned on a minijob was designed to be a ladder to full time jobs, but this is now clearly not the case as most offer no future prospects for full time work. Many of these workers are women in retail, restaurant and other parttime work and leads to further dependency and dead end status for them.
Grouped Articles
'Minijobs' Lift Employment But Mask German Weakness
Wall Street Journal 05/29/2013
New York Times 05/26/2010
German elections pit Merkel, challenger over poverty problems - The Washington Post
Washington Post 09/17/2013
Europe's Easy-Money Policy Snubs German Savers
Wall Street Journal 11/25/2013
German Coalition Reaches Deal but Faces Tough Party Vote
Wall Street Journal 11/27/2013
Americanized Labor Policy Is Spreading in Europe
New York Times 12/03/2013
The European Union plans for aid to Greece.
02/10/2010
Resistance in Germany to bailing out Greece.
Grouped Articles
Germany Clears Rescue for Greece
New York Times 05/03/2010
Athens's Love Affair With the Euro Persists
Wall Street Journal 11/04/2013
Germany, Forced to Buoy Greece, Rues Euro Shift
New York Times 02/11/2010
Wall Street Journal 02/12/2010
Wall Street Journal 02/11/2010
Berlin's Wall Around Greek Ruins?
Wall Street Journal 02/10/2010
German reaction to the debt crisis in Greece, Portugal, Spain and Italy.
04/09/2009
Germany said to be turning nationalistic in this crisis, seeing Germany's economic successes as its own, and not accepting the advantage of export markets in Europe in strengthening Germany's economic position.
Grouped Articles
Wall Street Journal 03/03/2010
New York Times 11/03/2013
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
How Italy's ENI Vastly Boosted Oil Output
BusinessWeek 04/09/2009
Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07/07/2015
New York Times 05/26/2010
The lack of a European approach to the crisis facing Greece, Portugal and Spain.
04/29/2010
German opinion turning nationalistic.
Linked Articles
New York Times 05/26/2010
As Greek Drama Plays Out, Where Is Europe?
New York Times 04/29/2010
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