tag:blogger.com,1999:blog-3448927642739850334.post4519949591873709016..comments2023-10-29T08:06:00.610+00:00Comments on The Political Economist: Euro break-up – effects beyond the eurozoneVuk Vukovichttp://www.blogger.com/profile/01878567452492217960noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3448927642739850334.post-5122154603651675072012-10-18T23:05:08.714+01:002012-10-18T23:05:08.714+01:00Thank you very much for your confidence, however, ...Thank you very much for your confidence, however, there are more popular and smarter bloggers out there that still don't seem to reach the regular population in way that it can make a significant change. There was some effect from bloggers on the Fed's recent stimulus (I covered that <a href="http://im-an-economist.blogspot.com/2012/09/an-overview-of-market-monetarism.html" rel="nofollow">here</a>), but apart from that it's really rare that the policymakers will listen. But it is a new platform for opinions and it is getting more and more coverage and influence (not my blog, but blogs in general), so perhaps one day it will become a place to educate the 'non-economists', and help increase voter information on issues like <a href="http://im-an-economist.blogspot.com/2012/10/imports-are-good.html" rel="nofollow">this one</a>. <br /><br />As for your opinion on Germany, I agree with you completely! That's why I also believe that a euro break-up is unlikely to happen. Perhaps a divide between a core and a periphery, but that also is a last resort solution, in my opinion. Even back in November 2011 when notable newspapers like the FT or the Economist were predicting that the euro won't survive Christmas, I refused to believe in that scenario. Vuk Vukovichttps://www.blogger.com/profile/01878567452492217960noreply@blogger.comtag:blogger.com,1999:blog-3448927642739850334.post-34781641214169009552012-10-18T20:29:33.771+01:002012-10-18T20:29:33.771+01:00Great summary...
Knowing what happened when fourth...Great summary...<br />Knowing what happened when fourth-largest US investment bank collapsed, I can not think what would happen if currency of world's largest economy collapses.<br />Although your summary terrifies me on the first site, it encourages me on the other hand.<br />Knowing the consequences German voters should not have any doubts about supporting common currency (with respecting of fiscal requirements of course). After all, their economy profited from it the most (I'm not trying to mitigate their own credits for it), but there is no way that they could make such export increase without it (Deutche Mark would appreciate drastically otherwise). They can also lose as much as other economies (maybe even more), knowing that export contributes 40% to their GDP, and considering German banks exposures to other EU countries (both government and companies).<br />It is important that people like you continue to educate non-economists (majority of population) i.e. voters so that they can finally support politicians/bureaucrats in taking decisive action to end this catastrophe...<br />Anonymoushttps://www.blogger.com/profile/03990871662253552086noreply@blogger.com