Good boy, zero for conduct...
It is an irony that in what is supposed to be a currency union of partners we spend so much time looking for winners and losers! The list changes as there was a time when the current largest loser Greece appeared to be a winner. The onset of the credit crunch reshuffled the pack and led the Euro area into quite a different place. Also the crisis has seen the media often push the view that Germany has been a loser and there have been regular reports of it being defeated at the European Central Bank. Putting it another way we have seen the policies of Mario Draghi pursued rather than the more hardline suggestions of Jens Weidmann who heads the German Bundesbank. Indeed the “whatever it takes (to save the Euro)” speech given by Mario Draghi in the summer of 2012 was seen as a clear victory over Germanic influences. On that road we have seen two trillion Euro projects with the LTROs and now QE as well as the mythical Jedi Mind Tricks of the Outright Monetary Transactions or OMTs.

However life is rarely that simple so let us examine an alternative agenda which is that Germany is in fact a beneficiary out of all this.

@темы: link, Europe, Investment watch blog, economy, Germany