Saturday, December 10, 2011

Rodney Atkinson Sums Up in The YP.

From: Rodney Atkinson, Meadowield Road, Stocksfield, Northumberland.
GERMANY has not been “European” or supportive of the rest of Europe – it has selfishly and disastrously pursued a ruthless economic game.
Over the last 10 years since the founding of the euro, it has built up a 750bn euro trade surplus with the rest of the eurozone and its exports have risen eight-fold to 47 per cent of GDP – a gross, unheard of and unsustainable level. This trade largesse resulting from Germany’s artificially low currency has not done Germans any good. I have been going to Germany for more than 40 years and have never seen the German consumer or German infrastructure in a worse condition. High streets have empty shops, rural railway stations are in poor condition, savings are (by German standards) being decimated. Even German industry cannot find enough skilled workers.
The only way out for Germany happens to be the only way out for the rest of Europe – the break up of the euro and the return of national currencies.

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