Euro crisis

delft said:

For those able to understand or read German, here is an interview with Bundeskanzlerin Merkel in which she says that the "credit crisis" will last about ten years:

Please, Log in or Register to view URLs content!

The economy of the EU is about twice the size of China's. In ten years time they might be about the same size.

Click to expand...

will she even be alive when the crisis is over? will the eu have the same member countries by that time? Will there even be an eu in 10 yrs time? predictions are almost always easy to make and even easier to ignore when it comes out less than accurate. The western media has been predicting china's economy to collapse for some time now. yet as they were hoping to see china burst her bubble first, iceland, US, greece, italy, spain etc... went south first and it didnt stop the china naysayers from predicting china will be next. So lets not play their nasty game, anyone can make a prediction when they have little to show for.

No good deed goes unpunished.

If Europe didn't need a significant amount of China's help, you wouldn't hear them dissing China because they wouldn't have bothered and China wouldn't even be mentioned. They know this which is why the Europeans are acting like they're Bernie Madoff and how so many people wanted to be included in his exclusive little club of investors during its prime. It's beneath them to be in a position where they have to essentially beg for money from the less developed world especially China. Some journalists are saying China is exploiting the situation before anything has even happened. A shot across the bow by the paranoid. It's been written by those warning Chinese participation that China wants to break up the EU. If it's happening, they're doing that on their own with no help from China. So if China contributes, that falls under China's conspiracy to break up the EU? But if China doesn't help and Europe collapses, doesn't that also breakup the EU? Guess what? China has every right to exploit everything as possible. The Europeans cheated China with Galileo. What says that they won't do it here? Why not demand as much as possible? You know they're looking at China as a major source for money. Are they going to reward lesser contributors or even countries that gave no money to help Europe more than China. Galileo says they would. Just look at the most simplist thing someone would expect to those that help out... respect. That can't even give that. They would be more insulted that they had to go to China for help. And to offset that they would have to disrespect just to salvage from the insult they had to go to inferior China with hat in hand. Look at the annual world opinion poll the BBC conducts every year. The worst opinions comes from these beggars in wolf's clothing. Why should their continued disrespect be rewarded? In their desperation, they envoke how China needs the European market attempting to spin their needs into being China's precarious position of vulnerablilty. Yeah but what about the good stuff that happens for China. They said it themselves that a breakup of the EU serves in China's favor. It's going happen if China helps or not according to their contradition. Geo-politically... a lot of articles lately of how the US is shifting their assets to Asia to counter China. If the EU collapses, this is going to be equivalent to "Who lost China?" during the Cold War. Look at what mess arises in and around Europe as a result. What influence they have over the developing world will suffer severely. And all this happens with China doing absolutely nothing. What money they didn't give Europe, will instead serve to insulate China. There's no guarantee any money is going to help the European situation because just like the Greeks, they don't want to lose anything they already have so none of it is negotiable. Sound familar? Copenhagen... again. The Europeans couldn't even sacrifice anything themselves for their own campaign to save the environment and expected the developing world to hold back and sacrifice so they can maintain their rich lifestyles. They didn't show responsibility there. What makes anyone think they'll be responsible here with someone elses money?

The EU might be about to lose one or more members, rumors say, beginning with Greece. There were prospective members. Turkey has been negotiating for nearly twenty years. Ukraine was seen as a probable future member, especially when it was unable to pay its gas bill to Russia (sic!). Poor little Georgia was seen as a likely candidate. All such countries might in ten or twenty years time be members of the Shanghai Cooperation Organisation.

I'm reading how the critics in the EU of Chinese involvement seem to now accept it but are steadfast against China getting anything out of it. Some Chinese official apparently responded in effect saying the Europeans can just say no.

Please, Europe. Reject Chinese money, now!

Nothing's free.

"Money talks " so eventually those European who practice financial terrorism will come back to China begging and won't even dare using the human rights BS they always do.

I just love that article! It shows how the Europeans are being total scumbags about this whole situation; they want China to give them anything they want, without strings attached, and in return they give China nothing.

I especially love this quote:
"The idea that Europe is desperate for China's money is wrong," one senior euro zone monetary official said this week, speaking on condition of anonymity.

"I don't like all this talk of Europe begging China for help, because Europe has the resources to solve its own problems if it can find the political will," the source said.

Well then why do they keep on begging??

Recognition of market economy status, lifting of arms embargo and more voting rights in IMF should be China's take it or leave it offer to EU.

The Euro zone is extremely successful in giving Germany and the Netherlands a positive balance of payments. As a whole the Euro zone has a near neutral balance of payments and the deficit is suffered mostly by the Mediterranean members. If they were to leave the value of the Euro would increase and the advantage of some Northern members will leave with them. So are those Northern members able to see their danger? No, they're not. So they are not able to pay a reasonable price for Chinese help, such as a reduction of the standing of the Netherlands as a near financial superpower, as a representative on the IMF board of several many countries, to a more fitting status. A short while ago it was the home country of a world wide operating bank, ABN-Amro, that had to be nationalized to prevent it failing all together. It is very difficult to recognize that one is going down in the world.

China should throw in a few more demands just to ensure its offer will get rejected by the Europeans. Make sure the ball is in Europe's court so that China won't get accused of with holding help to crash Europe's economy.

Like asking for Buck House.