[Olog-hai]

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And what happens after the EU burns through all of Germany’s money?

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Another "poor Germany" post. Why would Germany force their money on countries post-crisis? Huzzah for the social market economy, because you get to stay in it if you allow Germany to review your budget before your national government gets to see it, and accede to Germany's demands to pay back the loans that were forced on you before considering any more governmental spending (which means that Berlin becomes your national government)?

Just imagine the USA doing what Germany's doing now. Can anyone imagine that?

[Mariner]

"demands to pay back the loans that were forced on you"

Total and complete hogwash.

Admit it.

NOBODY FORCED anyone in Europe to borrow the money.

Admit it.

[org.whodat]

If they do not they will never be paid. The fed has trillions floating around the EU who will pay that back.

[sphinx]

How do you "force" loans on borrowers? People, and countries, are perfectly free not to borrow. That, of course, would mean that they would have to immediately reduce expenditures to match income. Painful, yes, which is why the hopelessly indebted want to keep borrowing.

In such circumstances, the lender of last resort is perfectly entitled to insist that any new borrowing be coupled with a long-term fiscal plan that establishes, and maintains, a path toward solvency. So the lender becomes the fiscal cop ....

[buzzer]

“Just imagine the USA doing what Germany’s doing now. Can anyone imagine that?”

Could you imagine that someone asks Texas to bail out California ? Yes i can !