Euro Doom: Germany wants Deutschmark back

In spring indebted nations such as Greece, Portugal and Spain nearly dragged the Euro zone into the abyss. It was only a seven hundred and fifty billion Euro bailout package that maintained the shaky balance. But many experts still believe what we've witnessed, is the beginning of the end. Some of them have gathered in Berlin. RT's Laura Emmett talks to Jurgen Elsasser, one of the organizers of the Euro conference.

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News & Politics

Tags:

• RT
• Laura Emmett
• Euro conference Alice Hibbert
• European Union
• Europe
• Greece
• Jurgen Elsasser
• economic crisis
• Deutsche Mark
• German money

[Navium]

@controversialbook

I believe that you don't understand much.

Germany's economy is the fourth largest in the world, is the second largest exporter of goods (quality goods...not all that cheap stuff China produces), and the nation with the biggest trade surplus.

We really don't want to be the ATM for everyone. We don't work in Germany to make it possible for others in other countries to lay in the sun all day. If you want party..fine......but use your money! No money? No party! Period!

[bobshenix]

Hitler wasn't as evil as these swindlers told us... he knew this shit would happen.

[ViriathusVingathor]

@Navium

France would still be France,Germany would still be Germany,etc,and presupposes increased power to the regions,and a degree of direct democracy,in other words following the Swiss federalist model.

What seems certain is that there is no political will from this totally mediocre european political class to advance to it.

Its a great pity.

[ViriathusVingathor]

@Navium

Euro has certain advantages,elimination of exchange rate fluctuations,price transparency hence Increased trade across borders,increased cross-border employment,and some others.

I don´t know if a Federal Europe,is supported or not,never found stats about it,the majority seem rather ill advised about the main federalist project,which doesn´t impose the end of cultures,and countries.

[Navium]

@ViriathusVingathor

The Europeans cooperated way before the Euro was introduced and it worked brilliantly. The Euro was a project of a few top industrialists,managers, politicians and lobbyists in order to boost the economy/profits. Only a handful people (the rich ones) could maximise their wealth while the down to earth men/women are more and more struggling....and thats in whole Europe...not just in a few countries. Rich became richer..poor became poorer...a global phenomenon...

[Navium]

@ViriathusVingathor

I absolutely agree....and thats why I don't understand that those stupit politicians clinging oon and holding on to that currency. It is just for their own pride because they are unable to admit that it was a huge mistahke to introduce a common currency without establishing a United States of Europe. The problem is that no one wants a USE as all European nations are so different (which is terrific..i love it). The Europeans already supported each other before the Euro

[ViriathusVingathor]

@Navium Euro is doomed,as it has no treasury,its a incomplete financial project,and speculators take full advantage of that,to press the self inflicted wounds.

[Navium]

@Lammy2k

Unfortunately you don't understand that I actually know enough about the economy to figure out that the Euro is doomed. You just repeat the propaganda of the politicians (no alternative to the Euro, germany couldn't compete, bla bla bla).

How come that Norway, Switzerland, Sweden and Denmark don't need the Euro to compete in a globalised economy although they are a lot smaller? Why are Japan, South Korea and others are not creating an Asian currency?

[Lammy2k]

@Navium

Unfortuneatly you know very little about econemy. The money we transfered has established our economical success by far. Germany as a lone nation state would not be able to compete in a globalized world with innovate economic regions such as China, India and the U.S.

The is no serious discussion about bringing back the Deutsche mark in Germany. Google Jürgen Elsässer und you will the the his credentials are dubious ... to put it in mild words.

[ShabutaroAB]

@Navium Correct in all ways! I am just 20 but angry as hell.. germany is already expensive, we pay for other countrys and our stuff gets more and more expensive cuz the euro looses it's worth.. i want the DM back! Best way.. or kick countrys like greece out of the EU or give them their old money back..

[intelligentoutcast42]

@Lintflas when will we know if its true

[Lintflas]

There are already rumours that the German government has ordered the Deutsch Mark 2.0 and secretly delivered it to several regional state banks across Germany to be prepared for the worst case.

Let's hope it is true.