it looks more like russian oligarcy !

Christine Lagarde was saying what the rest of EU thinks (as usual France is still the alone voice that dares to point on the disturbings things, ie 2003 for Irak war). Germany benefitted of the EU, and especially of the inflated eurozone for selling its goods, which made the Meditrranean Club useful to absorb german exportations at thee glorious times. Now that the toy is going to be broken, I suppose that these EU failing countries will have no more means to buy german. In the meanwhile Germany didn't buy goods from the Mediterranean club, but preferred to import from lower labor forces countries, I was amazed to see in Spain and Portugal, Germans (still with their habits to consumerise at lower prices, buying tomatoes from Marroco, or from whatever EU outsiders countries),going to stores like Lidl, Aldi, Netto... whereas supermarkets like Auchan, Carrefour, Intermarchés were invested by Nationals. It's not because they didn't want to buy spanish or portugese, but because of their own revenues that have been blocated for a decade, which allowed a lower cost of labour force about 15% lesser than in the eurozone, thus making Germany more competitive for exportations. In the long term, this policy will return against Germany itself, as their main customers are going bankrupted.

Now, I applaud Germany that had the courage to undertake non popular reforms, such as for retirment, cutting charges in social security... up to now our unions can't see the urgence of them.

The solution would be devaluation of the euro, or adapting a euro for each country means, can't see a Frau Veto agreeing with that, where a Helmuth Kohl had a global vision of EU, Merkel has only the german vision of EU, or some say, the Prussian's, and if Germany carries on the same path after the next 9 of may elections, then we'll assist at the re-birth of the Bismarck republic, we all know how it ended.

http://tinyurl.com/yefx2qt

I suppose that none remember the Latin Union of the 1th century, which had the same purpose of a common money too, but based on silver and gold values. It ended with the break of , first 1870 war, then 1914 ended the experience for goods.

So I expect that the euro will have the same fate, and because of the same reasons.

I'm not optimistic, but history learnt us some harsh lessons.

http://en.wikipedia.org/wiki/Latin_Monetary_Union

http://lekiosque.finances.gouv.fr/Appchiffre/Etudes/Thematiques/A2009.pdf

http://lekiosque.finances.gouv.fr/Appchiffre/Etudes/tableaux/apercu.pdf

http://www.investingreece.gov.gr/default.asp?pid=56&la=4

http://www.german-business-portal.info/GBP/Navigation/en/Business-Location/foreign-trade-statistics.html


http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-RA-08-008/EN/KS-RA-08-008-EN.PDF


"The larges purchaser of goods from Germany is France(10.2%)"

also the most populous country in EU after Germany (64 millions inhabitants)

funny that you can only quote Lebanon as an arab country ! do you know that they are bilingual, (or trilingual nowadays, english is als spoken) they speak also french like you, and most of them have parents in France or in America. Nestly isn't anymore a typical french product, as the company is "global", they even have a base in America ! I still remember a lybian blogger who said that she loves the "vache qui rit"... Besides, North Africa also speak french, apart Egypt, Jordan, Lybia ! and sorry, that we are a agricultural country, that has green fields when others have sands and rocks ! or soils that are suitable for growing corn or grapevine. But Marroco does grow tomatoes, early potatoes, strawberries... Now I'm not inventing the labels Lidl, Netto, Aldi, that are of german origin, and if they can afford low prices, it's because they import from low labour prices countries, Marroco was quoted only European countries make the rest.

Lebanese farmers don't have cows but sheep and goats, except a few cow in the heights of the mountain !