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I guarantee you that Germany will go broke if it breaks the euro.

This isn't a zero sum game. The reason Germany financed cohesion funds was so it would have markets to sell its goods to. Positive sum game: everyone wins.

by Colman (colman at eurotrib.com) on Sun Nov 27th, 2011 at 11:13:43 AM EST
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But if you break a positive sum game you get a negative sum outcome.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 27th, 2011 at 11:38:17 AM EST
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I prefer to say 'But And if you break a positive sum game you get a negative sum outcome.' which is the reason for a reasonable government to help solve this problem. In the way Merkel has ruled the only beneficiaries are in the financial sector, and the most sufferance is born by people who had no hands in creating the problem.

res humą m'és alič
by Antoni Jaume on Sun Nov 27th, 2011 at 12:58:13 PM EST
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Merkel was certainly not the origin of the neo-liberal infestation of the EU and the European banks, but she does go along with much of the worst of the doctrine. This is probably because she sees them as constituents and thinks she is helping them. I do give her credit for pushing for writedowns, at least in some fashion.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 27th, 2011 at 02:04:37 PM EST
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