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Tuesday, December 13, 2011

Just a thought...


One thing about the present Eurocrisis puzzles me.

Over the last ten years Germany grew rich by selling cars to peasants in Greece, Portugal and Ireland. Now these countries are broke and will sooner or later default on their debts.

All the current strategy is based on Germany economic strength, of how it's the powerhouse in Europe. But hang on- they grew rich by selling cars. Their European market has shrunk, so who is going to buy the cars to get the EU out of trouble?

Not Ireland. Not Greece. Not Portugal. Not Spain........

Just a thought...

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