Germany Falls into Recession
cnn.com
Germany Falls into Recession
1–10 of 203 posts
Re: Germany Falls into Recession
#2IMHO, it was already there, but it was in denial.
Since covid, rents increases have far outpaced salary increases. And since 2022 so have bill, groceries, everything.
But then again so is most of Europe.
Re: Germany Falls into Recession
#3Technical recession. Recession nonetheless. The ECB has a real problem with asymmetry. Can't cut rates just for Germany. At the same time there's high inflation in Austria, Slovenia and the Baltics.
Re: Germany Falls into Recession
#4Technical recession. Recession nonetheless. The ECB has a real problem with asymmetry. Can't cut rates just for Germany. At the same time there's high inflation in Austria, Slovenia and the Baltics.
>The ECB has a real problem with asymmetry. Can't cut rates just for Germany.
It's as if a single currency and a single central bank for 25 different economies with different levels of debt, doesn't really work that well in every situation.
> At the same time there's high inflation in Austria
Inflation in Austria is now mostly due to greedflation. If you cross the border into Germany the same goods are suddenly cheaper.
Re: Germany Falls into Recession
#5Technical recession. Recession nonetheless. The ECB has a real problem with asymmetry. Can't cut rates just for Germany. At the same time there's high inflation in Austria, Slovenia and the Baltics.
>The ECB has a real problem with asymmetry. Can't cut rates just for Germany. It's as if a single currency and a single central bank for 25 different economies with different levels of debt, doesn't really work that well in every situation. > At the same time there's high inflation in Austria Inflation in Austria is now mostly due to greedflation. If you cross the border into Germany the same goods are suddenly cheap…
Doesn't the US do the same with states instead of countries?
Re: Germany Falls into Recession
#6Earlier quoted context omitted.
>The ECB has a real problem with asymmetry. Can't cut rates just for Germany. It's as if a single currency and a single central bank for 25 different economies with different levels of debt, doesn't really work that well in every situation. > At the same time there's high inflation in Austria Inflation in Austria is now mostly due to greedflation. If you cross the border into Germany the same goods are suddenly cheap…
Doesn't the US do the same with states instead of countries?
[deleted]
Re: Germany Falls into Recession
#7Earlier quoted context omitted.
>The ECB has a real problem with asymmetry. Can't cut rates just for Germany. It's as if a single currency and a single central bank for 25 different economies with different levels of debt, doesn't really work that well in every situation. > At the same time there's high inflation in Austria Inflation in Austria is now mostly due to greedflation. If you cross the border into Germany the same goods are suddenly cheap…
Doesn't the US do the same with states instead of countries?
Not really. US is in a better position for a federal-wide monetary union. Labor mobility is a key component, and it is easier when you don't have different languages and cultures.
Re: Germany Falls into Recession
#8Earlier quoted context omitted.
>The ECB has a real problem with asymmetry. Can't cut rates just for Germany. It's as if a single currency and a single central bank for 25 different economies with different levels of debt, doesn't really work that well in every situation. > At the same time there's high inflation in Austria Inflation in Austria is now mostly due to greedflation. If you cross the border into Germany the same goods are suddenly cheap…
Doesn't the US do the same with states instead of countries?
To what extent does each state run its own economy? The EU does not have centralised taxes or a centralised economic policy, but it does have a single currency. It's possible a single currency also requires more centralised financial/economic policies.
Re: Germany Falls into Recession
#9Technical recession. Recession nonetheless. The ECB has a real problem with asymmetry. Can't cut rates just for Germany. At the same time there's high inflation in Austria, Slovenia and the Baltics.
>The ECB has a real problem with asymmetry. Can't cut rates just for Germany. It's as if a single currency and a single central bank for 25 different economies with different levels of debt, doesn't really work that well in every situation. > At the same time there's high inflation in Austria Inflation in Austria is now mostly due to greedflation. If you cross the border into Germany the same goods are suddenly cheap…
True, but every system has flaws. For the most part the Euro and ECB has been a benefit for every country in it.
Even a country like Greece. As bad as the single currency was for Greece, outside the EU and Eurozone, Greece could very likely have been closer to Venezuela with even fewer resource wealth to benefit from.
Re: Germany Falls into Recession
#10Earlier quoted context omitted.
>The ECB has a real problem with asymmetry. Can't cut rates just for Germany. It's as if a single currency and a single central bank for 25 different economies with different levels of debt, doesn't really work that well in every situation. > At the same time there's high inflation in Austria Inflation in Austria is now mostly due to greedflation. If you cross the border into Germany the same goods are suddenly cheap…
True, but every system has flaws. For the most part the Euro and ECB has been a benefit for every country in it. Even a country like Greece. As bad as the single currency was for Greece, outside the EU and Eurozone, Greece could very likely have been closer to Venezuela with even fewer resource wealth to benefit from.
Other way around. The euro has been a net loss for all but 2 countries