Quote:
Originally Posted by The_Dunedan
Not if it destroys or hobbles their own economy to do so, and not if a pissed-off electorate, sick of subsidizing other peoples/country's profligate spending, bolts to a far-right party or coalition.
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But all the spending that these countries are running into debt over is on German exports, isnt it?
(I mean, not "all" obviously...)
Why else do you think Germany are propping up the Euro? To absolve themselves of the guilt of Nazi crimes still? That they really believe in unity?
My own feeling is that if you speak to ordinary working class German people, most of them wish they had the Deutschmark back, and half of them (in the West) dont think reunification was a good idea even...
But I think the far right is so tainted with the legacy of the war I cannot see how they could ever gain much ground politically even in the East. And they already have a centre right government.
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My own view is that the contagion doesnt need to spread to Italy, if Spain needs to be bailed out the Euro probably fails there... although Im not an economist so its an uneducated opinion.