Merkel: Germany could leave the Euro to rot.

no1 knows how germany govt. structure works?

 

When the german BS is enough:


http://blogs.wsj.com/source/2011/01/19/italy-finally-raises-its-voice-on-euro-bailouts/
But Economy Minister Giulio Tremonti ramped up the decibels after yesterday’s meeting of European finance ministers, taking a shot at Germany by noting that banks in the bloc’s largest economy stood to gain seven times more than Italian lenders from an enlarged European Financial Stability Fund.
Tremonti said:
“Everyone is saying how good and generous and euro-patriotic they are. Well, we can reply to countries with triple-A ratings complaining of the [bailout] burden by pointing out that our banks are exposed to Ireland for 22 billion, yours for 180 billion.”

 

Don't be so harsh about german banks

 

German banks are the "weak, irresponsible, parasitic"? Is it German banks paying for the poor behavior of the PIIGS or is it German citizens/taxpayers?

Regardless of who pays, it's my contention that "greedy, financially irresponsible dumbasses" should suffer the consequences of the poor choices they've made.. and not be a burden to others.

 

they are the most leveraged, and the major buyers of american toxic assets and PIGS bonds.

So hell yes: weak, irresponsible and greedy, and parasitic to taxpayers who now will bail them out.
Why should an italian taxpayer pay to bail out Greece and Ireland, to ultimately save Deutsche Bank ?

Then I agree with you: Deutsche Bank, Commerzbank, etc, should go belly up.

 

Yes they could, the so called Mißtrauensvotum

 

Saving Deutsche Bank is what it's all about? Maybe I don't get it, but seem the bailouts are mostly about preserving a spendthrift society's way of life... "get a job at 20, work 30 hours per week with 6-weeks paid vacation per year, then retire at 50 for the next 30-40 years on the public's nickel"... and have the Germans pay for the shortfall of such a ridiculous social scheme.

Bailouts are not just about banks... to a greater degree includes overspending social, government and pension irresponsibilities.

 

That's the rhetoric that the german goverment has been selling for 2 years.
Germans and others are paying for german and french banks.

 

And a LOT more. Seems you've got blinders on about "bank bailouts"... suggest you look around beyond your apparent tunnel vision.