The Situation in Europe Worsens With Germany's Uncompromising Attitude

Share Article

"Germany’s firm attitude against labor market reforms and the new rules on spending cuts is due to its fear of hyper-inflation and losing the money it lent as a creditor over the last decade to the peripheral nations," as reported by Forex currency experts at InvestTechFX. They further explain how this is making the situation in Europe worse.

Forex Ecn

Forex Ecn

Forex ECN We beat all the competition!

Germany’s firm attitude against labor market reforms and following new rules on spending cuts due its fear of hyper-inflation and losing the money it lent as a creditor over the last decade to the peripheral nations is making the situation in Europe worse. The Forex Ecn experts at the online Forex trading company InvestTechFX report that opinion polls indicating that a third of Italians welcome a return to authoritarian government with Silvio Berlusconi's government teetering on the edge of collapse should make the Germans stop and think.

The head of the IMF (International Monetary Fund) Christine Lagarde stated that Berlin’s fear of inflation is misplaced, as also reported by the Financial Times. Economics professor at LSE (London School of Economics) Albrecht Ritschl argues that the country has no claim on the higher moral ground. Indebted countries cannot withstand this level of punishment for past borrowing without political instability and internal political collapse, as has been discussed in The Guardian blog as well.

Germany has a history of high debts. Post-war allied powers who wrote off almost all Germany's debts allowed Berlin to re-invent itself in 1919, 1948, and 1953. In pursuit of its ambitions, they ran up the largest debts of any nation during the 20th century, which were forgiven due to an agreement with the US and UK.

InvestTechFX is a proven leader in the industry of artificial intelligence software and is renowned for their top notch FX trading technology systems in the computerized trading industry. Their experts develop advanced, customizable, intuitive, efficient, and sophisticated Forex trading tools that help people understand Forex currency exchanges related trends and developments. Apart from being in the business of offer new, exciting, and innovative solutions, they are well known for their detailed and comprehensive learning center. http://www.investtechfx.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

ITFX
InvestTechFX
+1 800 569 5861
Email >
Visit website