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DEUTSCHMARK

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  • 03-10-2011 9:13pm
    #1
    pacquiao
    Closed Accounts Posts: 465 ✭✭


    Anyone else reading that the Germans are printing the new Deutschmark?
    mods sorry can you move this to the cs forum please?


Comments

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    #2
    CyberJuice
    Registered Users Posts: 692 ✭✭✭CyberJuice


    Wont work

    germans goin back to their own currency will put them into a recession,it will be too high compared to the euro and the dollar and some other currencies

    thats whay they still are tryin to sort out the EU


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    #3
    CrackisWhack
    Registered Users Posts: 852 ✭✭✭CrackisWhack


    It would be the worst thing for the Germans, the PIIGS have devalued the currency so much, German exports are at a record high


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    #4
    shanered
    Registered Users Posts: 1,117 ✭✭✭shanered


    It really isn't a bad idea, just incase really. We should be doing it, just incase "the unthinkable" happens...


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    #5
    scudzilla
    Registered Users Posts: 11,911 ✭✭✭✭scudzilla


    Is there any credible evidence that they're actually printing the DM? Apart from somebody hearing it from their friends sisters taxi-driver :rolleyes::rolleyes:

    Apparently we've been printing the punt for 18 months now as have the Greeks with their Drachma


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    #6
    hooradiation
    Closed Accounts Posts: 3,922 ✭✭✭hooradiation


    Well this whole "they're printing the Mark again" thing has been picked up by the express - which has a bit of an anti-EU stance - and in true style printing it as 'fact'

    See here for an example of this fine journalism.

    But basically, it's nothing but a rumour. A rumour that got strong enough to make the euro take a hit Vs the dollar and gold.
    But still just a rumour.


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    #7
    Daithi 1
    Registered Users Posts: 2,006 ✭✭✭Daithi 1


    Still looks like rumour, kinda.
    Germany is printing deutsche marks in preparation to leave the euro common currency, says Philippa Malmgren, a former economics adviser to George W. Bush.

    "My view is that it is Germany that will have to pull out of the euro," Malmgren said at an investors' conference in London recently, according to the Citywire news website.

    "The decision has already been made by the government that leaving the euro is a possibility. I think they have already got the printing machines going and are bringing out the old deutsche marks they have left over from when the euro was introduced."

    Malmgren, co-founder of Principalis Asset Management, acknowledged that leaving the euro would be a radical move that would cause Germany's export prices to jump, but said German industries are strong enough to handle price increases, Citywire reported.

    Other countries have let currency unions before, Malmgren said, citing the report, "Checking Out: Exits from Currency Unions."

    Countries leaving currency unions are usually larger, wealthier, and more democratic and typically have higher inflation than their partners, according to the report, published by the Monetary Authority of Singapore.

    Read more: Ex-Bush Adviser: Germany Prints Old Currency in Case Euro Ditched


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    #8
    meglome
    Registered Users Posts: 7,980 ✭✭✭meglome


    Daithi 1 wrote: »
    Still looks like rumour, kinda.

    She just happens to be selling a book too. So this American, living in America, knows that Germany is printing the Mark but no one in German is speaking about it or seems to know anything about it.


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    #9
    hooradiation
    Closed Accounts Posts: 3,922 ✭✭✭hooradiation


    Well, she does at least have the courtesy to qualify everything as speculation "I think they have already got the printing machines going and are bringing out the old deutsche marks they have left over from when the euro was introduced."


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    #10
    meglome
    Registered Users Posts: 7,980 ✭✭✭meglome


    hooradiation wrote: »
    Well, she does at least have the courtesy to qualify everything as speculation "I think they have already got the printing machines going and are bringing out the old deutsche marks they have left over from when the euro was introduced."

    That's true but the fact she being quoted all over the place as someone who knows something would suggest the speculation is being seen as more than that. There's too many people actively looking for the Euro to fail so I suspect there are speculators who are looking to make a lot of money off the backs of the people of the EU.


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    #11
    hooradiation
    Closed Accounts Posts: 3,922 ✭✭✭hooradiation


    meglome wrote: »
    That's true but the fact she being quoted all over the place as someone who knows something would suggest the speculation is being seen as more than that. There's too many people actively looking for the Euro to fail so I suspect there are speculators who are looking to make a lot of money off the backs of the people of the EU.

    Well, the original rumour did cause the euro to take a hit, fuelling the fire with this guessing might work in the favour of anyone who's betting on the euro falling.


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