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Ukraine Crisis Takes Toll on Germany's Economy, Powerhouse of the Eurozone - New York Times

Ukraine Crisis Takes Toll on Germany's Economy, Powerhouse of the Eurozone - New York Times | money money money | Scoop.it

PARIS — An important reading on the health of the eurozone economy is expected to show this week that growth stagnated in the most recent quarter as German output faltered, confirming the assessment of many analysts that a lasting recovery remains out of reach for the region.

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‘If the euro falls, Europe falls’ - FT.com

‘If the euro falls, Europe falls’ - FT.com | money money money | Scoop.it
As soon as Angela Merkel was handed the piece of paper Barack Obama had just passed around the table, her guard went up. “What is this?” the German chancellor asked.
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Germany saves 40 billion euros thanks to the euro crisis | Economy | IABN

Germany saves 40 billion euros thanks to the euro crisis | Economy | IABN | money money money | Scoop.it
Fear. In different times greed is just as important.
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Can Germany save the euro?

Can Germany save the euro? | money money money | Scoop.it
The short history of the Eurozone has been remarkable and unprecedented – the euro project has moved from the planning board to a vibrant currency within less than ten years.
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Jörg Bibow: Are German Savers Expropriated?

Jörg Bibow: Are German Savers Expropriated? | money money money | Scoop.it
Jörg Bibow analyses the recent ECB rate cut and explores whether German savers should feel expropriated.
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The Elephant In The Room: Deutsche Bank's $75 Trillion In Derivatives Is 20 Times Greater Than German GDP | Zero Hedge

The Elephant In The Room: Deutsche Bank's $75 Trillion In Derivatives Is 20 Times Greater Than German GDP | Zero Hedge | money money money | Scoop.it

It is perhaps supremely ironic that the last time we did an in depth analysis of Deutsche Bank's financial situation was precisely a year ago, when the largest bank in Europe (and according to some, the world), stunned its investors with a 10% equity dilution. Why the capital raise if everything was as peachy as the ECB promised it had been? It turned out, nothing was peachy, and in fact DB would proceed to undergo a massive balance sheet deleveraging campaign over the next year, in which it would quietly dispose of all the ugly stuff on its balance sheet during the relentless Fed and BOJ-inspired "dash for trash" rally in a way not to spook investors about everything else that may be beneath the Deutsche covers.

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Even Germany's intellectual elite is falling out of love with the EU - EUobserver

Even Germany's intellectual elite is falling out of love with the EU - EUobserver | money money money | Scoop.it


Eurobarometer polling shows that there has been a dramatic drop in support for the EU across the continent since the euro crisis began.

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Financial Times: Courts, Voters and the Threat of Another Euro Crisis

Financial Times: Courts, Voters and the Threat of Another Euro Crisis | money money money | Scoop.it

"Two of the most respected institutions in Germany, the Bundesbank and the constitutional court, are now on record as registering profound objections to the policies underpinning the euro.


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Merkel: Euro area not out of debt crisis just yet | ForexLive

Merkel: Euro area not out of debt crisis just yet | ForexLive | money money money | Scoop.it
Euro area needs harmonisation of economic strength Hasn't quite exited debt crisis Need to work quickly to reform global tax regimes Our Ang.
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Germany’s constitutional court has strengthened the eurosceptics - FT.com

Germany’s constitutional court has strengthened the eurosceptics - FT.com | money money money | Scoop.it
When the first headlines came out on Friday morning, it looked as if the German constitutional court had caved in. It decided to pass the case against Mario Draghi’s “whatever-it-takes” bond-buying programme to the European Court of Justice.
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The European crisis: Can Germany bear the burden?

The European crisis: Can Germany bear the burden? | money money money | Scoop.it
Satyajit Das The festering european debt crisis, which will resurface later, is a key challenge for German chancellor Angela Merkel's new government. The need to support weaker countries may... (The European crisis: Can Germany bear the burden?
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Merkel Warns of ‘Deceptive Calm’ as Euro Crisis...

Merkel Warns of ‘Deceptive Calm’ as Euro Crisis... | money money money | Scoop.it
German Chancellor Angela Merkel called for a fresh push to create “real economic union” through changes to European treaties, saying that the euro-area debt crisis isn’t yet defeated.
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German Economists and Merkel, the Implicit Followers of the Gold Standard

German Economists and Merkel, the Implicit Followers of the Gold Standard | money money money | Scoop.it
With ECB's OMT & "conditionality", that requires austerity and implicitly reduction of salaries in European periphery, Merkel & German economists have created consequences similar to a gold-standard.
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How Germany is Killing Europe ~ QAS30 Trading Journal

How Germany is Killing Europe ~ QAS30 Trading Journal | money money money | Scoop.it

Imagine if that were the fate of your own children – not just to clean toilets or some such thing, but to do so in a foreign country where they were looked down on by the locals, because your own country cannot even offer up service jobs. Again from a broader perspective, looking beyond trading, this is the stuff that frightening political uprisings are made of. The ghost of Francisco Franco (a horrible fascist leader) is already stirring in Spain. The Golden Dawn, a neo-Nazi party in Greece, is gaining in popularity. And this is perhaps the greatest irony of all: While the euro was essentially dreamed up to bring Germany into the fold and head off the prospect of future wars, euro-driven policies are doing more to raise the prospect of future hot war – by laying a groundwork of shocking pain and suffering – than anything else has done.

 

  
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Greece begins EU presidency by saying austerity policies are intolerable - The Guardian

Greece begins EU presidency by saying austerity policies are intolerable - The Guardian | money money money | Scoop.it

Greece kicked off six months in charge of the European Union on Wednesday declaring that the imposition of austerity, spending cuts and fiscal policy by Berlin and Brussels could no longer be tolerated.

 
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The battle for euro-zone reforms: Angela all alone | The Economist

The battle for euro-zone reforms: Angela all alone | The Economist | money money money | Scoop.it

MAYBE it is the strongest sign that Europe’s leaders think the worst of the euro-zone crisis is over. For nearly four years Angela Merkel, the German chancellor, has been all-dominant in Europe. But at this week’s EU summit in Brussels she ran into an almost unified wall of opposition - from both creditor and debtor countries alike - against her idea of introducing “contracts” to promote economic reforms. Rub your eyes; this does not happen often in European politics. Usually it is Germany - not the rest of Europe - that says nein.

 
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Deutsche Bank: "We Think Something Structurally Changed Since The Great Financial Crisis" | Zero Hedge

Deutsche Bank: "We Think Something Structurally Changed Since The Great Financial Crisis" | Zero Hedge | money money money | Scoop.it
"We think that something structurally has changed since the GFC, a change that seems destined to continue to hold back growth in the near-term and more worryingly has lowered the longer-term trend rate of growth.
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Germany's hyperinflation-phobia

Germany's hyperinflation-phobia | money money money | Scoop.it

HYPERINFLATION is among the worst catastrophes that can befall an economy. It can destroy output and destabilise societies. The hoarding of real assets, such as property and precious metals, wrecks business and financial investment in countries afflicted by it. Business costs soar, as wages and prices have to be increased on an hourly basis, reducing productivity. Foreign investment evaporates as the financial risks of doing business rise. The sudden redistribution of wealth from creditors to debtors can eat at civil society and discredit political institutions. John Maynard Keynes, as early as 1919, recognised the threat inflation posed to modern capitalist societies:

 
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Schröder: Britain the Cause of the Euro Crisis

Schröder: Britain the Cause of the Euro Crisis | money money money | Scoop.it

Britain is the EU’s biggest problem and the reason the eurozone’s economies haven’t been fixed, former German Chancellor Gerhard Schröder said on November 7. He accused Britain of standing in the way of the reforms Europe needed to fix its economy.

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The dirty little secret of the euro zone crisis: the German banks

The dirty little secret of the euro zone crisis: the German banks | money money money | Scoop.it

We are frequently told by supporters and critics of German economic policy alike that the future of the euro zone depends on the relationship of Germany’s economic success to other euro zone states.  In these terms a sustainable European currency requires either the export of the foundations of German economic strength to the periphery, or Germany’s willingness to relinquish its obsession with ordo-liberalism and achieving a large current account trade surplus.

 
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Debt crisis has left Germany vulnerable - Financial Times

Debt crisis has left Germany vulnerable - Financial Times | money money money | Scoop.it
The Fiscal Times Debt crisis has left Germany vulnerable Financial Times At worst, default of one of the weaker countries or a restructuring of the euro will result in large losses to Germany; the best estimates are in the range of €750bn to...
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Bitcoin: world's fastest growing currency migrates off the internet - video

In Kreuzberg, Berlin, virtual currency Bitcoin has expanded off the internet into the local economy (The Guardian: the world's first Bitcoin local economy at Berlin Kreuzberg http://t.co/upfEUPRo2w)...
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Germany should 'avoid arrogance' on euro crisis | Germany | DW.DE | 13.10.2013

Germany should 'avoid arrogance' on euro crisis | Germany | DW.DE | 13.10.2013 | money money money | Scoop.it
Former European Commissioner Günter Verheugen warns Germans not to act like know-it-alls when it comes to Europe. In this interview with DW, he blames Chancellor Merkel for relations with Southern Europe turning sour.
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Architect of Austerity: Schäuble's Search for a Way Forward - SPIEGEL ONLINE

Architect of Austerity: Schäuble's Search for a Way Forward - SPIEGEL ONLINE | money money money | Scoop.it
As Germany's Finance Minister, Wolfgang Schäuble is one of Europe's most influential politicians -- and one of its most hated. Many hold his austerity policies responsible for mass poverty and unemployment in the south.
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Architect of Austerity: Schäuble's Search for a Way Forward - SPIEGEL ONLINE

Architect of Austerity: Schäuble's Search for a Way Forward - SPIEGEL ONLINE | money money money | Scoop.it
As Germany's Finance Minister, Wolfgang Schäuble is one of Europe's most influential politicians -- and one of its most hated. Many hold his austerity policies responsible for mass poverty and unemployment in the south.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation