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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: elmatador who wrote (62236)3/30/2010 1:11:23 AM
From: dybdahl2 Recommendations  Read Replies (1) of 217822
 
This is not a Merkel who wants to influence Europe, but it is a Merkel who would lose next election big time, if a bad construction would be created around the rescue of Greece. Germany was constructed in a very democratic way that can seem bureaucratic, but where legislation and actions focus a lot on quality.

IMF has the experience to make countries do what they need to do, and will be the one making demands and getting the beat from the Greek voters. It also keeps German money away from Greece if everything goes well. If it doesn't go well, then Greece is definitely self to blame and will be excluded from the Euro. I cannot imagine this to be done in a different way.

What about Germany's economic policies? Well, they surely made mistakes, too. But they are the most powerful economy inside EU and therefore in the position to help Greece. I don't think that the power in the French/German relationship has really changed a lot - it is only when UK or USA was involved, too, that Germany seemed smaller. Right now Germany has a lot of debt, so things only get "more German" because good politics comes out of Germany these days.
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