Published: 12 Mar 12 14:33 CET | Print version
Online: http://www.thelocal.de/money/20120312-41289.html
German tourists are "afraid" to come to Greece due to widespread anger at EU-mandated austerity cuts that have left the country in a deep recession, the Greek culture minister said on Monday.
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Your comments about this article:
Really, I hope that the Greeks will default after the elections and exit the Eurozone. They think they have better plans for a recovery, great, they should prove that. Enough already with all that Greek brouhaha! We really have more than enough problems to be solved here in Germany, we really don't need to waste our time with fruitless efforts to help them clear up their Augias stable.
*Don't bite the hand that feeds you*
I would just change the sentece to : Europe is out of Order. Anybody that believes the EU is doing GREECE any favors, has been been drinking the too much of the Kool-aid. Germany is Saving Greece for the sake of saving the EU, not because Germany has any fondness of Greeks, or vice versa.
The fact is Germany is only trying to save the Euro for it's own sake and doesn't care about the welfare of the rest of Europe. The alternative is a very strong D-Mark which will seriously damage Germany's imports. If Greece did not have the Euro it would be more in charge of it's own affairs and could devalue to boost exports and tourism. Same goes for Spain, Portugal and Ireland and nearly all other EU countries apart from Germany. It is a bit like the tail wagging the dog really. Germany funding loans to these countries which will be repaid with interest and also save Euro-Mark for German business. Win, Win, Win for the fatherland.
- I think you meant "...seriously damage Germany's exports." Yes, Germany's exports would actually sink, but in my opinion not to the extend many people in here try to make us believe. It's a fact that the number of exports in Euro-countries rose about 9,5 % in the last couple of years, but many people forget that at the same time exports in non-Euro-countries rose about 8 %. That's only a slight difference. And with China, Russia, Brasil, India being on the rise the exports in these countries will even become larger in the next couple of years.
- Yes, their tourism would boom (for a moment), but at the same time imports would become extremely expensive for Greece. You always have to look at the advantages and disadvantages.
@ Yavan: I agree with you, but I fear that we need to overcome certain mentalities. A union can only work when the people are at least a bit homogenous, but maybe that will change in the future.
One further point. Look at Iceland who were not in the EURO. They were able to turn things around as a result by having full control of their own economy and not being forced/persuaded to consider the impact on the Eurozone by their actions.
Yes of course. And it is very possible they will start doing so if governments stop going against the will of their electorate. The next few years will be crucial for the survival of the EURO.
Next Spain ,but hey theyr'e a different kettle of fish ,they have already told the Eu don't interfere in our soveriegnty,Italy another one that will tell the EU to p##s of.
Funny how the rest of the EU countries can't stand Merkel and the little toxic troll Sarkosky his term is just about over.
Yes, he who pays the piper calls the tune. The payers in reality are the over taxed taxpayers in the Euro zone countries. Not Germany as you seem to be indicating. Germany is lending and making a profit whilst ensuring the Euro works for Germany with disregard for the rest of the Euro zone.
None of you writers mentions this, none of you writers knows about the Greek tax system. ( Hardly anyone pays ) The Greek government pays several thosand people a social security, their bodies and coffins already invisible.Let them scream at the Germans behind their glasses of wine and Ouzo. I believe them when Slovakia, Slovenia , Latvia , Poland is in dire straits. They wont be, because their work ethic and mentality is not Greek.