Page 29 - Deutsche Mark News Today

When greeces economy tanked they were supposed to dig out on their own by raising taxes and cutting spending. since that didnt work the rest of europe has had to come one a series of ad hoc bail outs that havent made anyone happy. if there were no euro there still would have been a crisis but greece would have responded by letting its currency weaken. the drachma would have fallen relative to the deutsche mark. that would have created jobs and helped the greek economy grow again. since they are ...

weather? if your nation was just a few feet above sea level, you would be really worried. well talk with a former president of just such a nation. and why am i wiggling my finger in a mirror here? to try to understand the wonders of the human brain. come along for an amazing tour. first, heres my take. the attacks and counterattacks in this presidential campaign are, i suppose, inevitable. but lets be honest. theyre largely untrue or irrelevant. whatever the paperwork shows, mitt r...

Downgrade 17 countries and the euro if they cannot strike a deal. in other words, each one and then the club. our money watcher is not surprised and not willing to celebrate. jim, good to see you. not a happy birthday for these guys but they will whoop it up. >>guest: how ironic, the greeks are rioting, 20 percent unemployment in spain. you have the italian prime minister crying on tv when they introduced austerity budget. >>neil: dont you start picking on italy young man. hop on. >>guest: im sa...

100 countries at international organizations are meeting in bonn to talk about how to help afghanistan move forward. foreign combat troops are expected to withwithdraw from there. one country absent is pakistan. its officials are boycotting it in protest over an american air strike that killed 24 pakistani soldiers. state media report it was a death drone. nato says a reconnaissance aircraft was lost last week over western afghanistan which borders iran. iranian media say the drone w...

Give 10%, 15% of my domestic output to prop up people who are not producing anything, and thats what were running into here in the united states as well. >> the consequence of a broken euro, it would seem, would be an aggressive short-term move, not just to a strong deutsche mark, but even a strong dollar, çkar which would seem to provide a real risk to u.s. exports and manufacturing, among other things. is that a fair interpretation? >> yeah. i would expect to see the dollar go dramatically h...

Weve seen this since the 1980s, starting with continental illinois. the people who loaned money to continental illinois. they didnt pay the piper when continental illinois blew up. did the same thing in the 2000s and now again. were in a situation here where the banks and other institutions get to play heads i win, tails everybody else loses, and thats why we find ourselves in a situation were in today. >> imogen, go ahead. im fascinated to know your view on the youro. do you think it can surviv...

Out there, everybody wants to believe in the markets and the credit rating agencies, who all say unless you cut faster, its bad for confidence. but what the credit rating agency also is saying is economies that dont grow, which flat line, higher unemployment, they cant get the deficits down. completely in denial about this reality. >> your analysis of the greek economy, we heard it earlier which is, you know, as we think close to default, perhaps its banks are already bankrupt but they should ha...

Italy. for countries like germany, it is their worst nightmare come to fruition. they got rid of their beloved deutsche mark. they signed and hitched their wagon to this new instrument called a euro, but like any chain, it is only as strong as its weakest link and those now weak links now appear to be in the southern mediterranean part of europe. and what they are discovering is countries like greece lied and finagled and were very, very obscure about what their real economic position was. and n...