Originally Posted by Skopzz
The biggest help however was the Allied creation of the current German constitution. The true cost of protecting Germany during the Cold War was over two trillion dollars. Without such a massive expenditure by the American Taxpayer, it could be argued that Germany might have been Putin’s plaything. But, German sensibilities would preclude such an acknowledgment. The trillions of dollars the American middle class has spent protecting your sorry a-- was and is the basis of your prosperity. The single currency allows Germany to essentially borrow at a vastly lower interest rate than market without having to actually borrow or even print the physical cash.
We should not forget that when the financial crisis broke out in 2008, about 30% of the billions of American dollars poured into AIG to cover its insurance obligations found their way into German banks that AIG had insured. Germany never acknowledged that transfer of funds that were crucial to prevent the German financial system from collapsing. You should be grateful for all this.
I should mention the Anglo Irish Bank bailout by the Irish taxpayers. The Irish never consented to guaranteeing the German bondholders of our banks yet you expect us to pay 32% of our GDP to speculators based in Germany and across Europe and the US. I find it amazing how you then oppose the ECB from keeping our interest rates low - if Germany had yields above 6% you would be crying out loud for an ECB bazooka.
You've made some amazing assumptions about my thoughts on many various issues there.
Firstly, I'm not German. I'm Irish. I just live in Germany.
This thread is about Greece. I never mentioned my feelings about Ireland, yet you have stated:
The Irish never consented to guaranteeing the German bondholders of our banks yet you expect us to pay 32% of our GDP to speculators based in Germany and across Europe and the US
I mean, wtf?
I actually think the blanket guarantee was an amazing mistake. I believe Ireland should have created a state bank to carry out the basic banking functions such as cheque clearance and so on and I'd have let Anglo, AIB, BoI and the whole lot of them go to the wall and if they took down German banks with them then so be it: private banks should never be bailed out by public money.
You say Germany was "protected" during the cold war. The US did not station missiles and troops in Europe to protect Europeans. They placed them there to be able to hit the USSR faster than the USSR could hit the Americans. That's why the US reacted so badly when the USSR tried to "protect" Cuba by stationing nuclear missiles on it. Do you really think the USSR (and by extension the US in Western Europe) was acting in Cuba's best interests, or its own?
America looks after America, nothing wrong with that, but please don't believe everything the US does is in some benign benevolent way for someone else's benefit. They calculate the benefit to themselves first.
The point still stands: Germany was not handed back a "fixed up" country in 1945. It was a shocking place to live with hunger and mass homelessness. Germany brought it all on themselves of course, but to compare the suffering of a German child born in 1945 to a Greek child born in 2012 is a bad joke. It is also a bad joke to suggest that the Greeks would work their way out of their mess if they only got a little help "like those Germans".