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Re:German banks are hoarding so many euros they need more va... by wefarrell on Monday February 03, 2020 @12:19PM (#22226305)
What good is the EU if its wealthier members are unwilling to subsidize the poorer ones? Germans want the benefits of federation without the drawbacks.
Re:German banks are hoarding so many euros they need more va... by econcon on Tuesday February 04, 2020 @12:41AM (#22232759)
While EU does subsidize poor EU countries but we must question what's the impact of that subsidizing.

1. EU is single market 2. Germany micraclously had strong currency at the time EU was created, so Germany businesses bought everything in cheaper EU countries and winners became bigger winners engulfing all small players across whole EU 3. EU taxes winners of the game and sends some money to improve the quality of life in poor nations but this ensures that poor EU nation get trapped in middle range and never surpass Germany.

They've managed to get all benefits of "imperialism" without any of the downsides.

Re:German banks are hoarding so many euros they need more va... by conanbatt on Wednesday February 05, 2020 @09:14AM (#22246807)
Artificially strong currencies tend to produce trade deficits, not investment surpluses. I know Germans save and invest a lot, but I doubt they can go against such an enticing macro-economic rule.
Re:German banks are hoarding so many euros they need more va... by rusk on Monday February 03, 2020 @12:23PM (#22226363)
It allows DE to have an artificially devalued currency which benefits their exports.
Re:German banks are hoarding so many euros they need more va... by mamon on Monday February 03, 2020 @03:30PM (#22228643)
EU isn't really subisidizing anyone - the actual flow of money is from poor towards the wealthy:

https://www.politico.eu/article/what-rich-countries-get-wron...

Re:German banks are hoarding so many euros they need more va... by luckylion on Monday February 03, 2020 @04:14PM (#22229186)
This confuses public subsidies with private money flows.
Re:German banks are hoarding so many euros they need more va... by mamon on Monday February 03, 2020 @05:41PM (#22230143)
Not confuses, just gives fuller picture - the whole deal between old and new EU members was: open up your markets, and we'll give you access to our "cohesion funds" from EU budget. Now you can see who won and who lost on this deal.
Re:German banks are hoarding so many euros they need more va... by luckylion on Tuesday February 04, 2020 @02:31AM (#22233253)
Again, it's taxes vs private money. And "the whole deal" really was about a politically unified Europe, the "purely economic union" wasn't a thing anymore when the east expansion happened. That certainly was parts of it, but let's not create alternative history.

Besides, "lost and won" is terribly weird when you just look at money flows but exclude goods. Hey, sell me your $30k car for $1000, you'll be the winner, because you get $1000 from me and we'll not look at the car. Not saying that that's an accurate description of EU-trade, just that it's weird to only look at money flows.

Another problem with that in general is that it's not just about old and new EU members. Luxembourg is an old member, is the tax oasis that works hard to help companies evade taxes in France and Germany, and is also leeching EU subsidies, not contributing to the EU funds.

Re:German banks are hoarding so many euros they need more va... by throwawaylolx on Tuesday February 04, 2020 @06:04AM (#22234281)
>Again, it's taxes vs private money.

That's the entire point of the article, the author is not "confusing" them:

>The talks cannot just be about public money, and should not become a brawl between "net contributors" and "net beneficiaries."

Re:German banks are hoarding so many euros they need more va... by luckylion on Tuesday February 04, 2020 @10:05AM (#22236291)
> That's the entire point of the article, the author is not "confusing" them

I very much believe they are intentionally confusing them because it makes their point. In a "that's basically the same, don't look too hard, just listen to these huge numbers" kind of way.

Re:German banks are hoarding so many euros they need more va... by petre on Monday February 03, 2020 @12:48PM (#22226735)
The EMU is about the federalisation of Europe through the back door.

https://m.youtube.com/watch?v=5TPpuIslzG4