Comments by "gerhard7" (@gerhard7323) on "Is the euro zone at risk of breaking apart?" video.

  1. The Euro will survive for as long as Germany is willing and able to underwrite it. That is as much a political question as it is an economic one. France gave Germany the single currency lemon in return for it not opposing German reunification and Germany has made lemonade ever since. Hence the 2008 Greek bailout wasn't some huge act of Franco-German generosity, they were effectively a backdoor bailout of French and German banks who had lent recklessly to countries like Greece with very little monies subsequently actually going to the Greek state.
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  2. 2009 onwards was as much if not more about bailing out the French and German banks through the backdoor which had recklessly lent to Greece. Greeks shouldn't be so hard on themselves and your creditors shouldn't be so lenient on themselves. You can't have an irresponsible borrower without first having an irresponsible lender.
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  3. Should be ok just so long as Germany, a global manufacturing and exporting behemoth, can re-source vital cheap energy supplies previously supplied by Russia.
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  4. If you actually watch it it doesn't seem to arrive at that conclusion.
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  5. It's currently not in any EZ member states' interests to pull the plug on the Euro, least of all the most indebted ones but this also applies to Germany. Germany is, indirectly, giving them a free lunch and as long as it can afford to do so, is willing to do so and, perhaps most importantly, its population is either ignorant of this situation or happy to do so, then it will continue.
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  6. To be fair I think that was the point/conclusion of the film.
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  7. True, but in turn it is also bailing out itself, not least because as a major global exporter it benefits substantially from having poorer nations within the Euro helping to suppress the value of its currency.
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  8. Nice film, but you can't have a serious discussion about the Euro failing without mentioning TARGET 2 imbalances.
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  9.  @luciferin22  I wasn't 'bothering' you I was informing you. Of course should you ever bother to take the time to watch it you'll find that out for yourself.
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  10.  @igypop.  Arguably they don't, but the EZ is essentially.built around a conspiracy of silence and ignorance.
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