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Social Democrats Do Well In North Rhine-Westphalia Elections


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Initial post: May 14, 2012 5:57:25 AM PDT
Last edited by the author on May 14, 2012 5:59:32 AM PDT
I hope that European Social Democrats will be able to formulate policies that will resolve the current economic crises, create a sound banking structure, preserve the Euro and strengthen Europe.
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http://www.latimes.com/news/nationworld/world/la-fg-germany-election-20120514,0,7180360.story

German state election deals blow to Angela Merkel's party
Voters in North Rhine-Westphalia give opposition parties enough support to form a governing coalition. The chancellor's Christian Democrats receive about 26%.

By Aaron Wiener, Los Angeles Times

May 14, 2012
DUESSELDORF, Germany - Voters in Germany's most populous state dealt a decisive blow to Chancellor Angela Merkel's Christian Democratic Union on Sunday, preliminary results show, a potentially ominous preview of things to come for the chancellor in next year's federal elections.

Merkel's party mustered about 26% of the vote in the state of North Rhine-Westphalia, a drop from 35% in 2010 and 45% in 2005, the year she took office, the results show. The opposition Social Democrats and Greens, at about 39% and more than 11%, respectively, secured the majority of seats they needed to form a governing coalition.
[snip]

In reply to an earlier post on May 14, 2012 6:11:23 AM PDT
Last edited by the author on May 14, 2012 6:17:37 AM PDT
Magna Carta says:
[Customers don't think this post adds to the discussion. Show post anyway. Show all unhelpful posts.]

In reply to an earlier post on May 14, 2012 6:22:35 AM PDT
I noticed that the new French President has proposed issuing EuroBonds, although Merkel has been opposed this. Somehow, the U.S. Federal Reserve was able to issue multi-trillions of dollars to prevent the worldwide financial collapse orchestrated by the Wall Street casino-gamblers-capitalists. It seems to me that the European Central Bank should be able to issue long-term EuroBonds that will allow Europe to resolve the economic crises over the long term, as opposed to the current short-term austerity measures that are making things worse.

Posted on May 14, 2012 6:26:42 AM PDT
Last edited by the author on May 14, 2012 6:28:46 AM PDT
Magna Carta says:
EuroBonds = that Germany subsidizes other countries debt. Why would they go along with that?
Just because it has a 'shiny' name to it, doesn't make it any better.
And it is not going to resolve debt or economic issues, it will just increase debt. As it relates to short term, that is known as socialism.

In reply to an earlier post on May 14, 2012 6:36:31 AM PDT
EuroBonds offer a long-term solution to the financial crises. If Greece were to withdraw from the Euro and declare bankruptcy, it would lead to the collapse of many European banks and to a potential disaster of gigantic proportions.

In reply to an earlier post on May 14, 2012 6:44:11 AM PDT
Actually, the party being voted for favors LESS austerity measures on the PIIGS.

In reply to an earlier post on May 14, 2012 6:44:40 AM PDT
Germany makes out like a bandit on those subsidies.

In reply to an earlier post on May 14, 2012 6:45:24 AM PDT
EZ countries didn't join the DM, they joined the Euro.

In reply to an earlier post on May 14, 2012 11:19:54 AM PDT
Magna Carta says:
It would actually be a lesser crisis today, than to run the scheeme any further, meaning borrow more money and increasing debt.
Perhaps we need to release Mr. Madoff to run this scheeme, he at least knows how to do this 'properly'.

"EuroBonds offer a long-term solution" = Translation: By issuing more subsidized debt the future will faced with an even more 'gigantic disaster'. Lets take the disaster now!
I want to invest in more certainty, and not increase the downside, that's just bad investing!

In reply to an earlier post on May 14, 2012 11:22:24 AM PDT
Magna Carta says:
So Germany is making a profit, when they give their money away?!? Germany is doing the subsidizing, forking up the cash!!

In reply to an earlier post on May 14, 2012 11:31:57 AM PDT
VRWC says:
Germany makes out like a bandit because they are the most productive workers on the planet and don't use their government budget as a bottomless goody bag to dole out favors.

The Greeks (and Italians and Spaniards) can't share a currency with Germans because they have totally different cultural beliefs about borrowing and debt.

Germans will never overspend and always repay.... the other three will always overspend and either default or devalue when they get in trouble.... which they have done an average of 10 times EACH over the last century.

It used to be that if you loaned money to Germany you got 5% and if you loaned to Greece you got 12% or so.... the extra was to underwrite the inevitable default or devaluation and kept Greece from borrowing too much.

To paraphrase PJ O'Rourke, giving Greece a German credit card is like giving beer and car keys to teenage boys.... you can't be too surprised when they tow the car home in pieces....

In reply to an earlier post on May 15, 2012 3:14:30 AM PDT
Yes, they are. They get a good ROI.

In reply to an earlier post on May 15, 2012 3:25:51 AM PDT
They are making out because the Euro is held artificially low because of other EZ cuontries like Greece, making their exports more attractive. If it weren't for the PIIGS German curency would be much higher so their exports would be down, putting them in a much more precarious financial position.

They have a very generous social welfare state. Do you know anything about Germany? Do you know how long an employer is required to hold a new mother's job for her after giving birth?

http://en.wikipedia.org/wiki/Parental_leave

In reply to an earlier post on May 15, 2012 3:32:45 AM PDT
Magna Carta says:
There is no German Mark any longer.

In Germany and most of Europe a mother can take as much as year leave, and the father can take up to 3 months in Norway. This varies between each country.

In reply to an earlier post on May 15, 2012 3:41:02 AM PDT
No, a mother can take up to 4 years.

If Germany had its own currency or even if the Euro was without the PIIGS its value would increase significantly making German exports less appealing.

In reply to an earlier post on May 15, 2012 3:50:48 AM PDT
Last edited by the author on May 15, 2012 3:55:05 AM PDT
Magna Carta says:
Germany: 14 weeks (100%) 6 before birth, 12/14 months (65%, but not more than 1.800 Euro/month) (14 months only for single mothers) -- Then you can take 3 years unpaid leave. [to take 3 years off, you need rich parents]

For 1800 Euros a month, you could pay rent for a small place (efficiency), but you would have to live on a diet, and keep your room below 68F to save on electric bill.
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This discussion

Discussion in:  Politics forum
Participants:  4
Total posts:  16
Initial post:  May 14, 2012
Latest post:  May 15, 2012

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