This German Industrial CEO Hates The Euro en-us Wed, 31 Dec 1969 19:00:00 -0500 Fri, 26 Dec 2014 20:59:05 -0500 Wolf Richter Gary Anderson Mon, 14 Jan 2013 23:22:09 -0500 The English cannot subject their criminal Square Mile to the regulation of the Eurozone. That is it in a nutshell. Gary Anderson Mon, 14 Jan 2013 23:21:31 -0500 These CEO's were scammed by big finance. Borrow and it won't hurt you. But know this, he made a killing with the easy money of German banks and made a killing off of the PIIGS nations. So now he doesn't like the Euro that allowed that killing to be made? He kind of makes me sick, Wolf. Please, Leave Mon, 14 Jan 2013 10:31:59 -0500 On the contrary, the United Kingdom itself will fall apart if it leaves the European Union. If they do, Scotland will leave the sinking ship even more rapidly. As for the European Union, if the United Kingdom leaves, the biggest obstacle to further European integration is finally gone. Continental Europe could finally do something about the root cause of the financial crisis, namely the City of London. As it stands now, the British will veto regulation that negatively effects the Square Mile. The europhobes are deluded if they think they're better off outside the European Union. Many business leaders in the United Kingdom already warned that their companies will move out if the UK leaves. They will relocate to a country within the European Union, to still be part of one of the largest trading blocs on the planet. There's no reason to stay in the UK at all if they're not in the EU. It will only result in them having to pay tarrifs with no additional benefits. "Business leaders urge Cameron not to 'risk' EU membership" <a href="" target="_blank" rel="nofollow" ></a> "Honda's UK boss warns Britain must stay at heart of EU" <a href="" target="_blank" rel="nofollow" ></a> "If Britain leaves Europe, we will become a renegade without economic power" <a href="" target="_blank" rel="nofollow" ></a> Personally, I can't wait for the English freeloaders to leave. The sooner, the better. TEP Mon, 14 Jan 2013 09:42:16 -0500 The EU will fall apart when the UK has a referendum and votes itself out of the whole friggin' scam. The UK will vote itself out because of #1. they hate unfettered emigration allowed from eastern & central Europe, #2. they've thrown tens of billions into the gaping maw of the EU crony socialist scheme, #3. the world is getting colder & the UK's on the climate-brunt and the EU wants to regulate their land, farming & food production, and #4. most damning: the EU natal charts show an astrological ideal that'll never stand up to the next 10 yrs. of negative transits without becoming a dictatorship. Breakup Disaster Mon, 14 Jan 2013 09:26:40 -0500 Exactly. And something else that's striking, he sums up the cost of euro continuation, but at the same time, he leaves out the cost of Eurozone breakup. Very dishonest. At least the pro-euro group admits that strengthening the Eurozone has a cost (ESM, more integration, etcetera). When will the anti-euro group admit that breakup has an enormous cost as well? In fact, most research to date shows that the cost of Eurozone breakup is much higher than euro continuation and that's primarily the reason why the euro still exist. The math doesn't add up. Giving up the euro doesn't make sense from an economic perspective. Numerian Mon, 14 Jan 2013 08:53:49 -0500 So, basically, he profited from the euro when the Mediterranean housing bubble was blooming. Once the cow was exhausted, he moved overseas. In the meantime, he blames public spending (only EU of course, gov. expenditure in China is much smarter). Minority Mon, 14 Jan 2013 08:27:49 -0500 This one perhaps, but the BDI president Hans-Peter Keitel strongly supports the euro: <a href="" target="_blank" rel="nofollow" ></a> Conclusion? Just like the general public, euro support is divided amongst German business leaders. That means we must choose one path or another, since a compromise between these diametrically opposed parties isn't possible. Clearly, we've already chosen to continue with the euro, so I don't really understand why these euro negatives won't admit defeat and go with the flow. They will only make the situation worse if they consistently block necessary reforms. Resistance really is futile and the euro is here to stay. Moreover, this article might give the false impression that the anti-euro group has equal support, but that's not the case. In reality, I'd say roughly 75 percent of German business favors the euro. Bernd Scheifele is allowed to voice his opinion of course, but he's part of a minority.