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To: smolejv@gmx.net who wrote (22778)	8/17/2002 9:47:05 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Can someone tell him that there is no such thing as East Germany. The editor of the editor play with the inner fears of people in the western part of Germany who think that acquiring a market of 18 million people was a bad thing. DJ, this is going to be an opportunity for the German government milk the citizens -all of them irrespective of each side- for more taxes. Then contracts will doled out for repairing. The article is preparing the minds of the western Germans to this blow. Thus putting the blame on the Eastern part. It had worked before it will work again. I am going to seek an article about the Czech Republic, also a former communist country, was covered with water too, but was not annexed to Germany as the Eastern part was. I would like to read what the outlook is for the economy in the future.

To: smolejv@gmx.net who wrote (22778)	8/17/2002 10:07:01 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Compare that: The floodwaters swept over central and south Bohemia, Czech Republic (CZ) killing at least seven people and causing more than 1 billion Kc ($33 million) in damages. Has the author of the SZ said how much damage the flood has done? No. The German author goes right up to the macroeconomic effects without saying nothing about the microeconomic effects. The CZ Agriculture Ministry estimated that anti-flood measures would cost 30 billion Kc ($330million over the next 10 years. How much in anti-flood measures will be spent over the next ten years in Germany? No word about it. It appears that the Czech guys are better at working the numbers than the Germans. Owing to a more expensive cots base, plus the longer length of the rivers flooding its banks, I would say that multiplying the costs of CZ by 5 to get at the costs of Germany. Which will give us: ($160 million) in damages ($1.6billions over the next 10 years. Even Uruguay could absorb this blow without scratching the economy's surface. Hence do not take serious any impact in the German economy due to the flood. The economic impact will be only positive. Instead of keeping construction going by pulling up asphalt and putting stones. Or pulling up stones and putting asphalt, this one is a real construction works that once the German machine is put to work will make it real good for the next 100 years. I just hope that they don't put not only bricks and cement. But also some sophisticated machinery so that Siemens can also get a cut of the money pot dedicated to these works.:-)