Soros: Euro will survive, Germany will do what it takes...

Mrs_Bones

Germany does have a past reputation for expecting other countries to just roll over and do what it tells them to do. Sooner or later though other nation states always seem to turn around at some point and tell Germany to get stuffed.

Graham_Devon

Mrs_Bones wrote: »

Germany does have a past reputation for expecting other countries to just roll over and do what it tells them to do. Sooner or later though other nation states always seem to turn around at some point and tell Germany to get stuffed.

Britain used to too.

Now look at us, compared to what we were in historic times.

Backbiter

Graham_Devon wrote: »

"Germany will do what it takes" is the scariest part.

I'm not thinking war or anything like that here, although thats certainly an unfortunate possibility of a large fallout. But it really does appear Germany still want to dictate to others.

I don't see anything sinister. It just means that Germany, however reluctantly, will have to take the steps needed to save the Euro - it cannot afford not to. If this means more costly bailouts than planned at present, it is in Germany's interests to cough up. Sure they want a massive say in how these bailouts are spent and the policies that are employed to reduce the deficits and pay down the debts(which is what the beneficiaries of the bailouts can't stomach), but I don't think anyone should be letting their imaginations run wild as to what Germany might do.

AndyGuil

Shame the markets don't agree. In reality they have no idea what to do. The engines have shut down and there is no more fuel.

purch

Bottom line is, Germany will do whatever is best for Germany.

The rest of Europe will agree, however reluctantly because ultimately they will have no other choice.

The EUR was of Germany's making. How long it continues, and in what form will be decided in Berlin.

AndyGuil

The markets will decide, not Berlin. Credit is the only way it survives. Berlin are not doing a good job of convincing them about Europe.

michaels

I notice over the last few days the CAC40 is up and the DAX is down - read in to that what you will....

purch

It should be remembered that George Soros likes to portray himself as the "Godfather of the EUR".

In fact I remember an interview with the "great" man from around the time of the 1992 debacle, where he was saying that Europe should have a single common currency, and that he would be glad (as a trader) to be pushed into retirement by such a move.

ruggedtoast

Graham_Devon wrote: »

Britain used to too.

Now look at us, compared to what we were in historic times.

Sticking it up the Fuzzie Wuzzies and all that.

Yes, those were the days.