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The recession and Germany

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JethroQWalrustitty Since: Jan, 2001
#1: Jan 4th 2011 at 3:24:19 PM

So, I don't know much about economics, and I'm rubbish at finding relevant info on google, I thought I'd ask you lot about this.

You see, German recovery from the recession has been in the news over here recently, and apparently they've come out the late 2000's recession lot faster, and a lot better off than many other countries, including the US. But what exactly is this caused by? Only information I got was on Wikipedia saying that they had the biggest stimulus plan in the Eurozone.

Deboss I see the Awesomeness. from Awesomeville Texas Since: Aug, 2009
I see the Awesomeness.
#2: Jan 4th 2011 at 3:49:47 PM

As I understand it, they're also big into making machinery for factories.

Fight smart, not fair.
saladofstones :V from Happy Place Since: Jan, 2011
:V
#3: Jan 4th 2011 at 3:57:59 PM

They have been involved a lot with nuclear power plants, which is what Eastern Europe is paying a lot of money to be off of Russian oil.

Well he's talking about WWII when the Chinese bomb pearl harbor and they commuted suicide by running their planes into the ship.
SomeSortOfTroper Since: Jan, 2001
#4: Jan 4th 2011 at 4:25:00 PM

I've heard, distantly, here in the UK, that it relates to the larger manufacturing base and the fact that the crummy Euro actually helps them export while other countries worry about servicing their finances.

DasAuto Sapere Aude from Eastphalia Since: Jul, 2009
Sapere Aude
#5: Jan 4th 2011 at 4:50:06 PM

As I understand it, they're also big into making machinery for factories.
Indeed. I hope to be working in this sector soon.

I'm not a Merkel fan but I have to say that she and her crew managed to guide the country through the recession pretty well. The german version of the Cash for Clunkers programm helped one of Germany's key industries through the crisis, which had reduced exports, with increased domesic consumption. Things like Kurzarbeit (don't know how to translate that right now) helped the people keep thier jobs. Than the Euro weakend and the exports went up again.

The country also happend to have become more competitive before the crisis by keeping the wages low. I disapproved of this, but I guess it came in handy now.

Bon was certainly right. Saving the banks and stimulus were the key to economic recovery.

edited 4th Jan '11 4:50:55 PM by DasAuto

Now if you excuse me, Starfleet is about to award the Christopher Pike Medal to my dick.SF Debris
storyyeller More like giant cherries from Appleloosa Since: Jan, 2001 Relationship Status: RelationshipOutOfBoundsException: 1
More like giant cherries
#6: Jan 4th 2011 at 4:55:31 PM

They have a strong export based economy, so as soon as anyone else in the world recovers, they get their customers back.

Unlike a country where most of the products are consumed locally. Then you get a vicious cycle where unemployed people can't afford to buy anything, thus leading to less business and job losses.

edited 4th Jan '11 4:56:02 PM by storyyeller

Blind Final Fantasy 6 Let's Play
Ultrayellow Unchanging Avatar. Since: Dec, 2010
Unchanging Avatar.
#7: Jan 4th 2011 at 5:05:48 PM

It would certainly be ironic if after centuries of war, effective German control over Europe comes through peaceful economic takeovers and bailouts.

Except for 4/1/2011. That day lingers in my memory like...metaphor here...I should go.
DasAuto Sapere Aude from Eastphalia Since: Jul, 2009
Sapere Aude
#8: Jan 4th 2011 at 5:26:40 PM

Screw power. Only the elite here benefits from it anyway. I want my tax money back. sad

Now if you excuse me, Starfleet is about to award the Christopher Pike Medal to my dick.SF Debris
Deboss I see the Awesomeness. from Awesomeville Texas Since: Aug, 2009
I see the Awesomeness.
#9: Jan 4th 2011 at 5:29:48 PM

I wish I could move to Germany. Unfortunately, I don't have any money and have no language skills.

Fight smart, not fair.
DasAuto Sapere Aude from Eastphalia Since: Jul, 2009
Sapere Aude
#10: Jan 4th 2011 at 6:04:54 PM

It's not that good. At all. Insane debt. Social and demographic meltdowns ahead.

Go to Canada instead. I hear there is not cats in Canada.

Now if you excuse me, Starfleet is about to award the Christopher Pike Medal to my dick.SF Debris
EnglishIvy Since: Aug, 2011
#11: Jan 4th 2011 at 6:08:30 PM

You're doing better than we are, at least.

DasAuto Sapere Aude from Eastphalia Since: Jul, 2009
EnglishIvy Since: Aug, 2011
#13: Jan 4th 2011 at 6:20:47 PM

Meh.

I would dispute that saving the banks had much of an effect on the recovery. When you compare countries that bailed out their financial sector, versus ones that didn't, the latter ones have come out further ahead in the recession.

saladofstones :V from Happy Place Since: Jan, 2011
:V
#14: Jan 4th 2011 at 6:23:04 PM

I'm not sure if its the saving banks but the nature of the bailouts themselves, I'm pretty positive there was no oversight for them.

Well he's talking about WWII when the Chinese bomb pearl harbor and they commuted suicide by running their planes into the ship.
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