Germans not so rich

[BrilloPad]

So for all you UK denigrators wailing about the lack of manufacturing, excess credit and extolling the virtues of the Germans a few of your sacred cows are not so sacred after all.

The Germans are walking tall in the eurozone, but just how rich are they? - Telegraph

In April, an ECB survey caused a furore by suggesting that whereas median net household wealth was just over €50,000 in Germany, in Greece the figure was just over €100,000, in Spain €180,000, and in Cyprus over €260,000. You can imagine how that went down on the Cologne Omnibus.


For a start, Germany may have sold lots of Mercedes and BMWs to Greece and that makes the export figures look good. But the Greeks cannot pay for them. Instead, Germany has "loaned" Greece the money. Yet there isn't a hope in Hades of all this money being paid back.

Once the Euro breaks up the figures will look very different. Nothing to happen until after German elections in September - but 2014 looks like it might be a fun year. Hopefully soon Italy will pull the plug on the whole rotten scheme and then those who backed the Euro will be sent to Nuremburg for judgement.

[darmstadt]

Like the myopic pro german you are you then leave this bit off

But that does not account for all of it. British workers are relatively well paid, work relatively long hours and, (compared with some countries), at least until recently, are comparatively lightly taxed.

No, I was just pointing out the bits you left out. This is what Tories are good at, just showing the bits that reflect well on them, leaving out the rest which might just balance it out. A trick used by politicians to great effect...

[darmstadt]

BTW, the survey(s) are here: ECB: Household Finance and Consumption Network. You might want to have a read of them and extrapolate the same figures as a journalist working to his, and his papers political master's, agenda...

[darmstadt]

BTW, the survey(s) are here: ECB: Household Finance and Consumption Network. You might want to have a read of them and extrapolate the same figures as a journalist working to his, and his papers political master's, agenda...

You might like to see that the UK is not in the main report as funnily enough they're not in the Euro (the report was by the ECB - European Central Bank) so where did the Telegraph come up with their figures?

[MyUserName]

... I was just ... left out. This is ... good .., .. show .. the bits .. to great effect...

FTFY

[DodgyAgent]

You might like to see that the UK is not in the main report as funnily enough they're not in the Euro (the report was by the ECB - European Central Bank) so where did the Telegraph come up with their figures?

Roger Bootle came up with figures

https://www.capitaleconomics.com/sta...er-bootle.html

[suityou01]

So for all you UK denigrators wailing about the lack of manufacturing, excess credit and extolling the virtues of the Germans a few of your sacred cows are not so sacred after all.

The Germans are walking tall in the eurozone, but just how rich are they? - Telegraph

In April, an ECB survey caused a furore by suggesting that whereas median net household wealth was just over €50,000 in Germany, in Greece the figure was just over €100,000, in Spain €180,000, and in Cyprus over €260,000. You can imagine how that went down on the Cologne Omnibus.


For a start, Germany may have sold lots of Mercedes and BMWs to Greece and that makes the export figures look good. But the Greeks cannot pay for them. Instead, Germany has "loaned" Greece the money. Yet there isn't a hope in Hades of all this money being paid back.

Phew, got out just in time then!

[DodgyAgent]

Phew, got out just in time then!

Have you been paid through that Greek Bank?

[suityou01]

Have you been paid through that Greek Bank?

Used Euros, no continuous serial numbers, brown paper bag

[darmstadt]

Roger Bootle came up with figures

https://www.capitaleconomics.com/sta...er-bootle.html

Explains a lot: