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To: BfloGuy

Not vice versa, especially not in light of what currency the euro is a copy of, and why the treaties dictate the “social market economy” (which grew out of Adenauer’s government) to be imposed on the whole EU.


8 posted on 10/16/2012 5:30:25 PM PDT by Olog-hai
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To: Olog-hai
Not vice versa, especially not in light of what currency the euro is a copy of, and why the treaties dictate the “social market economy” (which grew out of Adenauer’s government) to be imposed on the whole EU.

The Euro is no longer a "copy" of the Deutchmark. I agree that it was intended to be so; in fact, I've said that many times here on FR.

I don't think any of the Europeans had to be compelled to implement social welfare states. They ran toward socialism with their arms [and wallets] wide open.

My point is that, month by month, the Germans are caving on every principle they've stood for. The ECB, rather than functioning like the Bundesbank, is now -- intentionally -- much closer to the Fed.

Germany is becoming the puppet. The bread-earning puppet. Though that'll end, too, once inflation takes hold.

12 posted on 10/17/2012 3:00:43 PM PDT by BfloGuy (Teach a man to fish and you lose a Democratic voter.)
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