Deutsche Bank

fortune.com/2016/09/29/deutsche-bank-germany-bailout/

>Do not expect any more help.
Germany will not help ailing lenders such as Deutsche Bank DB -6.67% , a senior lawmaker in Chancellor Angela Merkel’s conservative bloc said on Thursday, as resistance grew to any possibility of staging a rescue.

With Merkel meeting European Central Bank chief Mario Draghi on Thursday, Berlin has already flatly denied it is planning any repeat of the taxpayer-funded bailouts that Germany and other Western countries mounted during the global financial crisis.

Other urls found in this thread:

bbc.com/news/business-37516805
marketwatch.com/story/angela-merkel-has-bungled-the-deutsche-bank-crisis-like-everything-else-2016-09-30
dwq4do82y8xi7.cloudfront.net/chart/?symbol=CHXEUR:DBKD
youtube.com/watch?v=Cp6COxHpJsE
youtube.com/watch?v=ygr5AHufBN4
zerohedge.com/
hattongardenmetals.com/buy/cid1/gold-bars?CategoryID=1
youtube.com/watch?v=B-m9A8mY-U0
zerohedge.com/news/2016-09-29/run-begins-deutsche-bank-hedge-fund-clients-cut-collateral-exposure
bloomberg.com/quote/GDBR10:IND
youtube.com/watch?v=nv3lRhC8WsU
sueddeutsche.de/politik/merkel-staatsgeld-fuer-bankier-ackermanns-party-im-kanzleramt-1.169980
youtube.com/watch?v=_rcmeMxxGYw
twitter.com/SFWRedditImages

>Merkel
>Conservative

What is she conserving exactly?

You guyz make me nervous. I will be pulling out hundreds of thousands of my hard earned shekels from my Deutsche accounts then ... and put it right on an account with Royal Bank of Scotland or an account with Llyods, those banks have a history of being rock solid!

Merkel seems to want Germany to burn

Would rather have pounds under my bed then euros right now

-6% damn this shit is really happening. If they hit €9 it's over and out

Both are shit mate, but at least RBS don't have 40 trillion of derivative exposure.

Everytime the CDU and Merkel are called conservative my sides begin to leave orbit

Her party is supposed to be conservative.
But with Merkel they elected someone who doesnt give a fuck about that and just wants to get power.
Its like Clinton would be the repuplican candidate

artificial numbers, the economy...
and failing
(society/ culture & identity/ history/ safety/ ... all were thrown out of the window long long time ago)

Most of my savings are in Euros. How will this affect me?

Get this Trending on BBC.


bbc.com/news/business-37516805

She's from eastern Germany, presumably the DDR.

>USA sues for 14 Billion
>DB is only worth 15.5 Billion atm

Kek

...

Dinar currency of the future

should i buy AUD while my euros are still worth something

RARE
A
R
E

I'd take our currency over the euro any day, honestly. Brexit was one big deal that hurt the pound, but the euro has lasting detriments that can't be directly controlled through fiscal policy.

Space nigger?

Yo what the fuck unknownanon

It doesnt matter, if DB goes down, everything goes with it

...

Merkel and eternal anglo to blame
marketwatch.com/story/angela-merkel-has-bungled-the-deutsche-bank-crisis-like-everything-else-2016-09-30

the Christian Democratic values

you're not wrong but Brexit hasn't happened yet

>Goldman Sachs
Feels good man

Where does the Reserve Bank of Australia connect in here?

Why is this? I'm not doubting this is true, I just don't know much about it

user post secret jew graph

wtf

dwq4do82y8xi7.cloudfront.net/chart/?symbol=CHXEUR:DBKD

dwq4do82y8xi7.cloudfront.net/chart/?symbol=CHXEUR:DBKD

user delivers

East Timor lel

Not affected by DB meaning Australia is the most powerful race in the world

Also the bank is getting bailed out again

...

The current rise is moving very fast

Looks like it might be a spike to me. It might crash pretty hard later or tomorrow.

This just shows that private interests have complete sovereignty over national governments already. The NWO is only a matter of time. They're going to use soft power with money to force all people's to accept their one world government

END THE FED

Should I invest my money in real estate at a village further away from a major city?

W E W
E
W

R A R E
A
R
E

When the trade today started it was at 10.10, now it's 10.43.
>when Cred Forums isn't right

Who is bailing the bank out?

German taxpayers

Ah the old make the middle class poorer so the rich can stay rich strategy.

seriously. There's literally no way Germany or the EU is just going to let DB fail.

If she doesn't straight bail it out, she will loan it money or have the government take over part of it in exchange for the money it needs. Something like that.

SHORT SHORT

bailouts are a loan m8

HOLY SHIT GUYS TURN ON BLOOMBERG

that... or you know... just burn it. if you get scared that easily you won't have much soon anyway..

are they actually telling people to invest in DBK GR ;D

Real Estate in Germany is a sucide mission. Once the local government decides your neighborhood needs a mosque or a rapefugee shelter you easily lose 50% of your value (which, depending on your real estate prices, is in the order of magnitude of 100000).
Buying real estate is the epitome of putting all your eggs in one basket.

Commerzbank heatenings

isn't that what needs to happen to stop it from falling apart?

Just put it in a different bank.
I already did that at the start of the week. You should do so even when you have less than what the Einlagensicherung (100.000) guarantees you.

>You should do so even when you have less than what the Einlagensicherung (100.000) guarantees you.

why is that? just to save yourself from the hassle or what?

No ivestmants can save it - you'll just lose your money

Should I invest all my money on toilet paper before money loses its value?

lol... if you invested in a part of a town where that could become an issue you're an idiot anyway.

that said.... investing in housing is stupid in most european cities right now... however there are some issues that one should consider in germany -> we don't procreate -> housing prices in smaller towns and villages will begin to plummed soon...

bullshit... you actually don't need that much money to save them... and the Investor could also pressure the us, uk, and germany for some bail out money.

it's quite possible the stock prize will take a jump once the fine gets reduced...

If you think there are areas where this can't happen you are deluding yourself. They even deploy rapefugees in villages in bumfuck nowhere.
Next stage would be when they do to private property what they do to somewhat public buildings now: Impounding them for cents on the euro.
It's just not a good idea to concentrate so much money in a single point of failure.

Yes, toilet paper will be the most valuable commodity in a post-crash Europe. No one wants a shitty arse, and bidets will cease to function without running water.

Many smaller banks (and that's the vast majority in Germany) have their own security mechanisms if one of them fails.
So you have double the security. And I'm not so sure how reliable the state-guaranteed Einlagensicherungsfond is.
We are sailing in very rough waters here, though nobody seems to see it. Everybody thinks Germany is smooth sailing.

>if you invested in a part of a town where that could become an issue you're an idiot anyway.

You're an immense retard if you think you can predict that.

You have never been to London. There are areas with people who are from a culture that doesn't even has discovered toilet paper yet :)

sorry... i thought you were serious... just another austrian shitposter...

your cities are far worse Investments... just look at wien and it's communist housing market and policies... i mean good for the people living there... not so good for people that want to invest...

You are not the first German who goes bust, so if this sexually arouses you, more power to you.

Buy the dip, goyim!

>Everybody thinks Germany is smooth sailing.

Germany's real economy has been doing very well the last years, so there's reason to believe that.

What security measures do the smaller banks employ that the big ones don't? Really curious

>We are sailing in very rough waters here
Yeah, that we are man.

Brexit will be the end of the UK economy, goyim!

It's still doing well, just look at indices which are not braindead, like the MDAX.

it's quite easy you fucktard...
no muslims -> no mosque

german towns can't just slap refugee Centers anywhere they please... there is actually some regulation and they avoid richer parts of the city as there is less public infrarstructre property left by now (already developed) and they also get delayed havily in court...

it's allways been that way... allways will. poor people get fucked..

>replying to australian posters
state socialism =/= conservativism

They have rougher hands than we do

>You should do so even when you have less than what the Einlagensicherung (100.000) guarantees you.

I will. I just opened up an online direct bank account, am waiting for the account details and the moment I have them, I will transfer 80,000 Euros from my Deutsche Bank account to that. I will only leave bare essential on my DB account, about 25,000.

jesus austria...why so agressive? run out of kids kids to fondle in your basement?

What country is that?

That's what I was thinking. Are there any other commodities which will suddenly become very valuable if the economy crashes? Soap?

Markets tend to get a little upswing on a friday, sends everyone home in a good mood.

Why do Germans believe in the Einlagensicherungsfonds? It's coming from tax monies, and after they bail out DB they won't have any money left to bail out peasants.

>Germany's real economy has been doing very well the last years

We are selling our products with an undervalued currency. We are giving them away for free.
Also we have achieved that by flooding our country with all kind of niggers i.e. cheap labour.
Also inside the Eurozone we don't get anything back for our exports. Inside the Eurozone bills are never paid. They just run up forever. They are owing us 600bn now. We won't see a cent of that back.

We are in deep shit.

It's pending around €10.43 for a long time now

Fritzl rots in prison for the rest of your life while "Germans" doing comparibly atrocious things in Germany get 200 hours of social work and are free to rape again.

I know about all of that. Nonetheless, we have an AAA credit ranking, budget surpluses, dropping unemployment.

And our wages are still amongst the highest in Europe, so we ain't really doing things for free.

Surely this won't affect Aus? We'll be fine again right?

Australian Dollar will stay as shitty as it is. No worries mate.

if you really want the memes to leak into reality rev up those twitter account and start telling people to pull their money out of DB

it won't make even a 0.001% dent, but it will give the issue the (((media))) spotlight

Germany wants Germany to burn

You mean putting money *in* of DB and short squeezing evil kikes like Soros to death.

>being so assblasted about getting rekt in state elections that you crash the economy out of spite because woman logic
I graduate this semester so ken yae faking no?!

It was sub 10 earlier @ -8%.

Convert to a commonwealth country currency

Fear has already set in and the long weekend will help it brew.

There will be a bank run but not until Tuesday.

Couldn't be as shitty as the dacks of your sisters/daughters in the basement though.. right?

investing in part of town that are going through gentrification was a good move. Did not require a big income to start. And your primary residence was an investment in itself.

Now housing is an investment for very wealthy people, that can afford to buy in the really expensive neighborhoods that have a chance to be protected from migrants or secondary residence for renting in shitty part.

>horrific betrayal of 1400 children
>commonwealth stronk

db has put their retail Segment into a daughter quite some time ago... they actually wanted to sell it pre-2008 :D

they don't make much money with that shit..

It's the shemitah.

Hitler.

But I guess that is a good thing.

exposure and investments in eachother. If one suffers, all do. Think of 2008 which started in the US and affected the whole world

Falling again! €10.33

The Reich was a bigger peace project than the EU ever will be.

Kek is back , baby!!!!!!!!!!!

impressive

>no crashi-chan ITT
how do you guys expect to get this bank to crash without some meme magic?

I'm Polish Aussie and love Poland but I sort of agree. You have to admire anyone who tries to take the world to task.

>tfw your name is Dinar

kek

Come on crashi-Chan. Show me some magic

bless you kek

That pic is about as big as an ant's asshole.

>120x125

>canadian

East Timor

youtube.com/watch?v=Cp6COxHpJsE
Thread theme

>Get up
>make coffe
>go to Cred Forums
>HAPPENING! HAPPENNIIINGNG!!!!! THIS IS REAL! IT IS FUCKIN HAPPENIN!
>close Cred Forums and end my coffe
>go training
>get back.
>not a single happening post.

this is the trust you can have on these happening threads.

Protip: if you want to know when it's really happening, look at mass media. when mass media talks about it, it's so big to keep it hidden. until then, (((they))) will found a way

>Ave Maria
the most beautiful piece of music in history

>Spain
>morning till 13:00 coffee and training
nothing more to see here lads

Very true.

>Spain.
>wake up at 12:00/13:00
This about sums up why Europe is dying.

>What security measures do the smaller banks employ that the big ones don't?
It's just an additional layer. You know, all the Sparkassen and Volksbank/Raiffeisenbanken are looking for each other if one of them goes bust. They also check each others books, I think, so that this doesn't happen.

>Yeah, that we are man.
I'm looking forward to the storm. A lot of cleaning up that isn't done right now will go on after we weathered that storm.

>implying I just got up.

how retarded are you both, pals?

I said morning (7 or 8 or whenever you got up) UNTIL 13:00

>We are selling our products with an undervalued currency. We are giving them away for free.
Selling with an undervalued currency means the opposite you cuck. It means you have a higher profit margin when selling your stuff
>german education
No wonder your banks are fucked

>Spain.
This actually solves a lot.

CNBC and Bloomberg have been talking about it all day yesterday. It's happening.

7-8 to 13:00 is not morning?
wtf

sorry france we are not as important as you

>No wonder your banks are fucked
Said the Italian, whose debt is 133% of GDP, despite ECB intervention.

checked.
I don't know how mainstream those channels are in USA, so I can't argue that with you.

>Why do Germans believe in the Einlagensicherungsfonds?
Because we are obrigkeitshörig.
It's definitely good to have a decent sum of money cash hidden in your home.


>we have an AAA credit ranking
Lehman had a good rating as well. I really don't understand how anyone does give a wet shit about what these rating agency are telling, anymore.

>budget surpluses
True. But the fugees get it. Our infrastructure/health system is still underfunded.

>dropping unemployment
Yes, that's good.

It's actually called "Ellens dritter Gesang"

>CDU
>being retarded enough to lose even more voters by not keeping the promis of the Einlagensicherrungsfond
Or to quote Kohl "Ich will nicht den Ludwig-Erhard-Preis gewinnen, sondern die nächsten Wahlen."

>tfw Germany is bailed out by Greece

doesn't fucking matter how you call it

>Our infrastructure
Isn't the problem with Infrastructure that the communes don't have enough planning capacity to utilize the money they get for infrastructure or am I missremembering from something I've read
>health system
Our health system gets mainly financed about insurance companies, not the state.

...

>tfw Germany becomes Greek clay

youtube.com/watch?v=ygr5AHufBN4

theres no need to be upset germany jr, you just have to make sense on your text.

It's dropping again fug

>Selling with an undervalued currency means the opposite you cuck.
No, it doesn't.
It means we work and then trade our products for some worthless paper.
You don't get rich with a weak currency. Post WW2 economies are a good example for that.

>No wonder your banks are fucked
It was run by a Bergjude and then by a Poo in Loo and now by a Brit I think.
They were going full cosmopolitan and now they are paying for their shit.
I enjoy it.

wat

>Sorry France
>France
>FRANCE
Dude.. Wow..

>. Post WW2 economies are a good example for that.

The post-WW2 boom was the most prolonged and stable in history desu.

And I also don't see why you're insisting on the weak Euro being a bad thing. Compare the state of Germany in the early 2000s, with double digit unemployment, with that of today.

That reminds me, gotta brush my teeth

Buy Put 7€ 1M
Buy Call 13€ 1M
If it crashes you win
If it's saved you win
And that situation will not last this long.

>Compare the state of Germany in the early 2000s, with double digit unemployment, with that of today.
That's because of Agenda 2010, not the weak Euro.

>communes, infrastructure
That as well, but our federal funded roads and bridges are shit as well. The railroads are REALLY underfunded and that's also partly a matter of the state.

>Our health system gets mainly financed about insurance companies, not the state.
Sure, but it's the same shit. Insurance companies had enormeous surpluses last year. Then the dirty sandniggers came and we had a Beitragserhöhung a few month ago.

Oh my, a toothpaste joke. I hope you'll forgive me for not being hurt, since you are a burger.
>Has gun.
>Proud to have gun.
>Allowed to have a gun.
>Doesnt use said gun.
This is why you'll end up with Hillary. You should've done something about this ages ago, you could've, you were the chosen one.
You didnt. You fucked up.

>not using based herb toothpaste with green stripes
Just wow, I can't even.

truthful post right here

any burgerclap willing to live under clinton's tyranny (if she wins) is just as reprehensible as her

M8 i live in fucking California, which is about as far from DC as you can get. Also, not allowed guns here (well I mean I guess technically you are in a limited sense, but literally nobody does)

I'm not Trump's bitch, if he wants to win he's gotta do it on his own.
Meanwhile I'll be working as hard as I can to make myself a billionaire and do even better than he did

>which is about as far from DC as you can get
don't you forget alaska m8

>That's because of Agenda 2010, not the weak Euro.
It's both.
Overall, we have drained a lot of production from the rest of Europe to Germany with the Agenda2010.

I'm just saying: to lower your exchange rate is a emergency measure and it shouldn't be done for a long period of time. It shifts your economy towards low-grade, low-pay industries.


I really have to go back to work now, bye.

Both helped a lot.
You see one steep drop in unemployment after Agenda 2010,another one after the post-2008 Euro drop.

>He believes in the american dream
>Lives in commiefornia
I get why you don't want to help trump, for all I care you kill him too, but if you can't see how both voting doesnt work and how Hillary will fuck us over, you deserve everything thats going to happen over there.

>The railroads are REALLY underfunded and that's also partly a matter of the state.
The railroads got privatized. DB isn't a Staatsunternehmen anymore
>That as well, but our federal funded roads and bridges are shit as well.
The biggest problem there is that having contructions severly limits traffic and transportation.
>Insurance companies had enormeous surpluses last year.
Public insurance companies don't make classic surpluses. They are Körperschaften öffentlichen Rechts.

Deutsche Mark soon. Euro collapse soon. Balkanization of EU soon.

I'm in a rich area, surrounded by high paying tech jobs. Everybody is fit and good looking, the only problem is the fucking spics. Without them it would be the best place on earth.

Holy shit you guys know literally nothing about economics. Italian banks are completely fine, even Monte dei Paschi got out of trouble because privates invested in it. The money you get from an undervalued currency allowed you to buy your europran competitors with no problem, worthless paper my ass

Is Memebank still alive?

checked.
Praise KEK

what do if I have some savings in euros?
I have an USD account in my local french bank, should I put them here?

I don't know jack shit about finance

Because we all know how awesome rich area's are when money collapses or becomes worthless.
Also.. you know.. being fit and good looking (other than able to run fast) will bring you nothing when society falls.
>inb4 hurdur society wont fall.
It will, its just a matter of time. I'm not saying we wont survive, hell you might thrive with your legs and face, but even that would only come after, not during?
You are fucked mate. More fucked if you don't understand how fucked you are; and you are pretty damn mighty well fucked.

Greek government is about to give out dollar based bonds
Please buy, very safe

Don't forget you have the same currency and would've been free to do the same, if you were competitive.

And stating your banks are fine borders on reality denial, your government asked for a permission to bail them out

Georgios it's not nice to do that

So is there literally nothing we can do but watch it fall?

The damage has been done when it hit 9.98 correct?

Where do I find this information in all its juicy textual detail?

>Muh collapse
Won't happen. A society and an economy is built out of people. Unless the people disappear, the society will keep functioning pretty much how it always has, regardless of swings in the economy.

You really think a society of Northern European people is going to revert back to a savage stone age? Never gonna happen. Their wealth might drop, before quickly rebounding a couple years later. That's about the worst of it. Economic system actually doesn't matter that much in terms of overall wealth and happiness. In a socialist, or even a Communist system, a white society will always be relatively orderly and well run.

The only thing I see which will actually bring about a collapse is nonwhite leadership in government which mismanages everything to shit like post-apartheid South Africa.

Btw, I've got dutch in my veins. Thanks for the height-boost bro

Just get in debt in euros and buy property
When the euro crashes your debt will be halved and you can buy it out with the money you saved in dollars
It works, happened to most of the Greeks too only the other way around
When Euro skyrocketed

>a white society will always be relatively orderly and well run.
Yeah, tell that to Europe pre-1950s, peaceful and prosperous times

>Don't forget you have the same currency and would've been free to do the same, if you were competitive.
That's wrong you undeducated inbred moron, that's not how monetary economics work in a fixed exchange-rate system governed by a central non-governmental bank. I suggest you read some economics papers instead of spouting AfD meme sentences.
>And stating your banks are fine borders on reality denial, your government asked for a permission to bail them out
There was no bail-out. For years now everytime a bank is in trouble we do a bail-in, very different thing

zerohedge.com/

Guys, why is gold bars and coins selling out at some retail suppliers?

hattongardenmetals.com/buy/cid1/gold-bars?CategoryID=1

You mean like the German economic behemoth, which had a scientific and academic establishment that was the envy of the world, was swimming in nobel prizes and advancing industry more than any other nation on Earth?

Then a few years after being completely destroyed, bounced back to become the dominant economy of Europe, despite being split literally in 2?

Here's something from your history:

youtube.com/watch?v=B-m9A8mY-U0

the currency is undervalued for you, but overvalued for us. That means it's absolutely impossible for us to compete, even if the whole of italian society was made up of Elon Musks.
It's pretty much african colonialism 2.0, with the difference that you are constantly whining about having the short stick while you literally fuck all of Europe over. Now the Deutsche Bank is collapsing and you can't even admit they fucked up, you keep blaming the EU as if you don't run the fucking EU and get absolutely humongous advantages while we get fucked over and over. Kys.

Why are you lying?

After 1945 the United States was THE industrial power house. He is talking about pre50s. German scientists helping the US is IRRELEVANT because they are no longer in Germany.

DURING the war also democratic economies started to overtake Germany quickly.

>tfw when nogs in Europe were just known as circus attraction
Feels are strong.

The German army challenged all the entire world and almost won.

The US economy was stronger because of size, per capita Germany has always been stronger

So if DB doesn't get bailed out and it goes under, what ripple effects will this have on the Eurozone?

I'm guessing it won't be good, so how will she deal with that? Germany after all wanted to rule the roost of Europe, will they be cleaning up the mess left?

The single only reason Germany has been doing well over the last few years is the Euro.

You krauts have created a German industry subsidy by fucking over the Med. states.

No reason Bong.
Mere coincidence.

I know quite a bit, m8. You don't seem to know that the AfD argues against the euro, instead of offering explanations why it's good for us.

Why's the currency overvalued for Italy in the first place? Because your competitiveness is lower.

Whilst I know the euro is damaging for you (and almost everyone except Germany and Benelux), you still accepted it for reasons I fail to grasp.

I wouldn't go anywhere near German industry right now. They have a leadership DISadvantage.

What Merkel is suggesting is financial suicide. It may blow up the entire Euro.

>The German army challeneged all the entire world and almost won.

For at least half the war they were not fighting the entire world and had significant help from other nations. Stop being a wehrboo.

What I am saying is the German economy was stronger from 36-42

After that no chance f.am.

As it should be you greedy fucker.

Having a very weak currency isn't the end all either.

Which German economic behemoth, m8?

Do you know the history of the Weimar Republic?

This is what I keep saying, economic power follows genes. Germans have the highest IQ's in Europe, closely followed by England and the Nordic states.

No matter what economic system, no matter what situation they find themselves in, they will always form relatively well-run, orderly, prosperous societies.

Meanwhile the slavs lag behind them by 20 IQ points, they will no matter what economic system they will always be significantly diminished in comparison. Could be communism, could be capitalism, doesn't matter.

Wealth follows genes. Economic system will maybe add a percentage or two to your growth, but it will be a very minor effect. The difference between the way people live in Africa and the Netherlands has nothing to do with government, or economic system

Ok, one more post.

>The railroads got privatized. DB isn't a Staatsunternehmen anymore
Not completely. Dobrindt still has a say in what happens there. Also some infrastructue cost is shared by DB and the Bund.
Whatever it is, we are falling behind. China is building high-speed traintracks en masse and 6 lane highways into the fucking Himalaya. We can't get a fucking airport done and are all uppity when there is ONE good project for a train station in Stuttgart.

>The biggest problem there is that having contructions severly limits traffic and transportation.
Yeah, no shit. And if you let it rot we will have even more sever limits on traffic. The fucking bridge over the Rhine towards Mainz almost collapsed 2 or 3 years back, ffs.

>Public insurance companies don't make classic surpluses. They are Körperschaften öffentlichen Rechts.
Yeah, yeah.
The point is, after the gesetzlichen Krankenkassen raised their fee to 14.9% they were swimming in money. Now the fugees eat it all up.

> The money you get from an undervalued currency allowed you to buy your europran competitors with no problem, worthless paper my ass
I'm not talking about the effects inside the EZ but towards the world. Yes, we bought up a lot of shit in the EU but at the same time Chyna can buy our companies for pennies now.
The long term effects of currency manipulation are less competetiveness and a slow but steady decline. Look at your or France's economy. You always devalued your Lira and Franc. In the 90s you were still considered as an industrial powerhouse in Europe.

It works out fine for us, since we export far more than we import from non-Euro countries.

>was swimming in nobel prizes
hahaha Germany has never had more Nobel Prizes than the UK and US. Not even close.

>nes. Economic system will maybe add a percentage or two to your growth, but it will be a very minor effect.
Tell that to North Koreans, who share their genes with South Koreans.

I know that Weimar Germany got crushed under the Treaty of Versailles, and went through hyperinflation because of their crippling war debt

This was the desired outcome for the British, who were trying to neuter Germany's power so they wouldn't be a threat to the Anglo domination of Europe

>mixing economy and genetics.
>Spain had an imperium. Now is knee deep in shit.

well...

Buy gold Serb bro. Cheapest is in Vienna

Answer me please, I demand respect and attention and some love.

Ok. Guys, I posted at 9 o'clock right before it happened.
Now I am free from classes. DID IT REALLY CRASH? HOW HARD?

I BEG YOUR ANSWERS

>He mixes genes with economy

Er..

Hello i am the deustche bank AMA time my lads

>posting the unnecessarily huge picture

It crashed to ~9.98 and jumped back over tiem

> You don't seem to know that the AfD argues against the euro, instead of offering explanations why it's good for us.
I know that very well, but it's one thing to be against the Euro for the right reasons, it's another thing to whine and cry about it when you are literally the only ones who get amazing benefits from it. The only reason why the AfD wants to leave the Euro (the high-ranking ones) is because they know that Christmas will end at some point, and you'll have to give back some of the advantages and huge profits that you gathered thanks to the euro currency. That's why they want you to break the union, to fuck everyone over two-fold. Merkel knows that is a very dangerous game, she is too conservative to do it. Government officials from other countries know the truth, they won't let it slide dear user if you dare try that shit.
>Why's the currency overvalued for Italy in the first place? Because your competitiveness is lower.
I don't think you understand what competitiveness is you moron. We were very competitive before the Euro, our competitiveness grew at the same rate as the German one. If you tie your hands behind your back and somebody tells you "play the piano now" and you aren't able to, do you think that means you can't play the piano? That's how retarded you sound.
>Whilst I know the euro is damaging for you (and almost everyone except Germany and Benelux), you still accepted it for reasons I fail to grasp.
That's a different topic, the point is that indepentently from the reasons, it's an objective fact that the Euro disantantaged and destroyed everyone's economy while propping up yours. If you deny that you should an hero. The easy and short answer: african colonialism 2.0. By destroying everyone's economy and creating a center of power in the german government, it is easier to control and to rule over all of Europe for the globalists

We also met a lot of economically wrong decisions, which worsened the situation

>We can't get a fucking airport done
Are you actually using fucking Berlin as a standard for Germany as a whole?
I think it's one of the few capitals in the world that drag the BIP per person down for the country
Are you actually comparing the Euro to the likes of Franc or Lire?

if DB falls, expect a lehman bros v.2, electric bogaloo.

nothing happened. as always.

And it worked.

what makes me mad is that thousands of employees may lose their jobs over this but the managers will walk away with millions as usual. maybe a couple millions less now, big deal

>that one guy bought at 10.55

Guys, how do we sink Germany whilst saving the rest of the Eurozone?

Excuse me, do North Koreans have a 10.5 murder rate? Do they eat each other in the streets and burn each other alive? Are they Africa?

No, even under a communist horror state, they are relatively well-run. If they aren't prosperous, it's because of embargoes upon them, poor nutrition, and a dictator mismanaging aspects of the economy.

But even under the burden of such a horrible system, they still aren't living like they live in Africa or South America

Up around 5% in the first hours as expected, it did drop below 10 to start off, expect new lows today and happenings monday/tuesday if we somehow avoid all out panic.

>Its another episode of "German arrogance lead Europe to ruin, We dindu nuffin Germans claim"

It's Britain and France's fault that Germany printed off so much money that the average person couldn't afford a loaf of bread. Yep. All Britain's fault for batshit German economic strategies.

...

its back up

wait for the nyc exchange to open

soooo, in the end everithing is fine, the bank rebounced and Soros was wrong?

>Are you actually comparing the Euro to the likes of Franc or Lire?
Yup.
It isn't a dumping currency, but heavily undervalued for years from our position.

NYC exchange is shorting DB because they can't pay the loan right?

Calm down, all major crashes happen in Monday

Pretty much.

If i had money now I would fill my pockets with shares and become a millionaire in a month

GAY
A
Y

jumping a few % on a friday morning doesn't make anything ok pastabro, its expected and DB is still over.

stop posting anytime

The Jews demanded Deutsche cough up a few trillion for the 2008 crisis. Even though they werent the ones responsible.
They want the world to enter into another recession or atleast put pressure on the US. Considering the Saudis are threatening to pull out their cash from US investments this puts the US at an imminenent risk of a crisis. Obama is going to be pressured into putting more boots on the ground in Syria for Saudi interest (as a concession) sparking a World War. This is the Jews goal.

The war debt was literally impossible to pay off, it was set so ludicrously high under the terms of surrender.

Even under a full powered economy, it would be impossible to pay. The only way to pay and meet their obligations was to print money, it was the only way. This lead to hyperinflation and 50% unemployment rates

, or buy dollars. When the euro starts falling the dollar will rise in value, at least until it starts getting shitty in the US as well. But even if there is a global crash, the dollar will still be the best performer.

I am a riot cop and I live near one of the banks, I just got called and said that I had to be ready to mobilize, what the fuck is going on

Shit...Thanks
But is there risk of any major happening?
When does it open?

Thats not how this works.
Thats not how any of this works

>Why is this?
Just like 2008
Every bank is gambling that the banks bigger than it won't fail

Then the first domino falls

Anything to keep the Master Race fantasy floating

Actually no.

They stopped paying and the French occupied the Ruhr.

And if you can't understand why the terms were harsh after the most bloody war in all of European modern history then you are dense.

If Wilson wasn't there Germany would NOT exist after 1918.

You talked about "2 or 3 points of difference" in economic growth. The difference between South Korea and North Korea is a bit worse

And saying how political circumstances play no role, whilst at the same time pointing out how dictatorship and political isolation trade damage the country... U wot?

As for "there is little violencein North Korea" ... Do I really need to comment that?

Proof please

you already posted that yesterday,
fuck of you larping fuck

It's not a risk it's inevitable. If you aren't up to speed on the economics just watch the news over the next few days. If you were paying attention in 08 this will feel very familiar.

zerohedge.com/news/2016-09-29/run-begins-deutsche-bank-hedge-fund-clients-cut-collateral-exposure

biggest players know when escape from sinkin ship
QUIIICK SAVE YOUR MONEY TAKE JUR EURO HANS FROM DB
OR YOUR GOVERNENT SAY: WE TAKE IT ALL FOR REFUGEES, THEY NEED OUR ( YOUR MONEY) SOB SOB, WHAT YOU WANT YOUR MONEY? YOU ARE RASCIST OR WHAT?

>it's another episode of "I am a self-hating greek brainwashed by the MSM"
nice strawman but it's not german arrogance that led to ruin, it's european policies as a whole. Germany reaped the most advantages because the globalists wanted so. The problem is normal germans don't know this and unironically think they are getting a bad deal whereas it's the opposite.
Also Italy is not Greek, we are paying for your brown indebted ass so shut the fuck up faggot

It's actually brilliant. She's creating pre-Nazi Germany conditions across all of Western Europe. She's already eroded people's faith in multiculturalism, created massive resentment of leftist policies, and planted the seeds of a populist far right rise. All that's left now is a massive economic downturn to incentivise violent civil disobedience and you'll have far right parties coming into power in France, Germany, England, etc. And then come the ropes, the death of the EU, and the reclamation of sovereign European nation states, aligned against the spread of militant Islam.

Merkel is actually a crypto-Nazi and she doesn't even realize it.

It's just matter time for Bank collapse Germany end Euro.

Summer 2017 Db

>>not using based herb toothpaste with green stripes
Does it taste any different?
I find mint overpowering.

This is a sign for every other nation to get clear of the EU, right?

It did hit 9 a few hours ago. Caused 7 threads.

ok, thanks. So the major happening will be this week? Cool.

>Gnihihihihi, veeery goood valley goyim! Buy Schwitzergüld at these bubble prices, we promise it will always be worth something!
>We know that because we will gladly buy it back when it reaches it's long term mean / historic silver ratio of 300$
>Rubs hands vigorously

This is a sign that you should take your meds.

Its not happening.

If its true then she has my respect, they learned from the Jew.

Fucking german DINDU NUFFIN posters always come out when
a) Banks failing
b) Defending German immigration laws
or
c) Mental gymnastics into thinking Germany doesn't fuck over every other Eurozone country
Fuck off.

...

>Brazilian commenting on world politics
Calm down and make sure your Taurus is loaded, senpai.

>When does it open?

about an hour

>At no point in the last 20 years has Deutsche Bank been as strong as it is now

So basically they're completely fucked

JUST

A war which England declared war on Germany, not the other way around.

The wrote the treaty to put the full blame and cost of the war on Germany. It was a horror show, designed to intentionally cripple the German economy so they wouldn't threaten Britain ever again. This is why they were forced to give up tons of territory, stranding millions of ethnic Germans outside the borders. And why they had to keep their military limited, and not form an alliance with Austria.

Notice in WW2, two people invaded Poland. Yet, one became an enemy, and the other became a friend. Despite the fact that it was known at that time that Communist Russia had exterminated millions, they became an ally, while Germany became an enemy. This is because Germany was a threat to Britain, Russia was not.

Remember at this time, Britain was a massive colonial empire with half a billion subjects living under their rule. Germany had no colonies, and was basically a podunk little backwater, somehow able to challenge the full might of the British empire

...

It is the Germans that refuse to change a failing policy because it is advantageous to them
Even USA devalued the dollar a bit to get out of the 2008 crisis, but no
Austerity will fix everything, wait why is nobody buying anything from me, oh shit my major bank is failing

Thank you

You seem to be under the wrong impression about the AfD.
Never once have they said "the euro is good for us, but damaging for everyone in the long run". They're spreading the impression that we're the main victims of the euro, paying for Southern Europe, which is blatantly false.

If your competitiveness grew at the same rate as the German one, why should a common currency be causing divergences? No insults, try to elaborate for once.

Also, whilst another topic, it's still interesting why Spain and Italy joined the euro and don't intend to leave it anytime soon.

Just going to say it, this is potentially the first news story that has the potential to send the AFD in the plus 20% polling range.

CDU/SPD needs to bailout Deutsche, but that's political suicide for the CDU/SPD, on the other hand if they don't bail out Deutsche it's 2008 on crack.

Hard decisions.

Call me a cuck for supporting Merkel after she takes down Clinton by causing a worse financial crisis than Lehman which will catapult Trump to his presidency.

Supporting Merkel is supporting real 3d chess.

Oh boy, when it happens you can bet that weak cracker ass of yours I will be dancing and drinking beer while you starves tho

I dont even need my tauros.

Thanks, user.

No one cares, Germany had its turn ruling Europe and it's failed.

Give it a rest blaming us for the decisions that Germany makes.

Serious question.
If DB falls, Germany goes to shit and so does the €.
what do with the money if this happens?

I doubt that it's intentional, but who knows? An ethnic German that grew up on the communist side of the Iron Curtain, familiar with subversive Marxist social techniques? Maybe that's why she's such a mad woman. She knows that a hard reset is needed to undo the programming. Just like that Russian defector talks about in that video I see all the time; it takes a whole new generation free of the conditioning to undo the damage. Well, intentional or not, Merkel is creating that generation across the EU.

Why would Hillary lose the election just because of Merkel's crisis?

Yuri Beznemov, BASED guy.

>Bailout Greece
ok
>Dont bailout german bank
no lol :D

Well the Anglosphere got it's way, and now we have transgender bathrooms.

Yeah, isn't the future wonderful? So glad we defeated those evil Nazis. It's not like they banned smoking, founded the first-ever National Parks, and were the first to ban animal testing and vivisection.

It's not like they were actually the good guys or something

>Why would the incumbent party's nominee lose an election after the economy goes to shit exactly as the opposing party's nominee said it would?

So?

Every leader before the first world war legitimately believed it would be like those before it, a bravado spectacle with a few thousand casualties over by christmas.

It was one of the most devastating wars of all time, the victors whether it be Germany or the allies were always going to either ANNEX or bleed the other dry.

Are you trying to imply that if Germany won they would just call a white peace? Give me a break. You say it was intended to cripple Germany yet FRANCE was the nation wanting full dismantled Germany along with bigger payments, followed by Britain.

The United States was pretty much a fucking mediator between France and Germany because France was out for blood. You can see why.

Who the fuck would have cared about millions of stranded yet ALIVE Germans? The French were furious.

Nice then, I can't fucking wait.

>If DB falls, Germany goes to shit and so does the €.
Nope, Germany is stable, DB is more of a European bank than a German bank at this point. DB burning down is more of a problem for London than for Frankfurt.

10 year Bunds at negative interest rates.

bloomberg.com/quote/GDBR10:IND
>what do with the money if this happens?
Buy cocaine, enjoy the show

>Even USA devalued the dollar a bit to get out of the 2008 crisis, but no
>Austerity will fix everything, wait why is nobody buying anything from me, oh shit my major bank is failing

Well it does, because you can only devalue so much before you turn into Zimbabwe/weimar republic. The latter being why Germans are so adverse to playing with currency. Bad memories. Eventually you have to use surplus to pay debt. Manipulation will only buy you time.

We were a huge colonial empire however German steel production combined with its ENTIRE history being a war like nation made a difference.

How could a nation comprised of former Prussian territory lose a war, hm.

Maybe you should also look at the communist movement in Germany between 1917 and 1918.
Stop being so quick to point the finger at the anglo, because there were millions of German communists who refused to fight and mutinied.

Either the bank tanks and nothing hapens or the bank tanks and we will see a depression.

It all depends on how the market reacts.

But it might kill the euro. However that's no loss.

They're just playing hardball. They'll bail out DB eventually when the DB CEO's don't have any other options than to accept all government terms.

Germany won the war, the only reason England came out on top was because they signed the Balfore declaration. Which, in case you aren't aware, was a promise to give the Jews Palestine if they would use their network of influence to get America into the war.

Gold and silver will be a good way of preserving wealth until things stabilize, keep it hidden and sell when it gets less apocalyptic.

>Germany won the war

Citation needed.

Its true that the Spring offensives were extremely dangerous and you could argue that had the US not been there then the war would have drawn out OR ended.

We also promised the same land in Palestine to Arabs in order to get them to help against Turkey.

There is no super long term here, it was just what the situation warranted.

If you had the choice between
a) Losing a war you have lost millions of men in
or
b)Promise land to jews to win the war

?

You mean the Jewish communist movement?
pic related

The reason that Bunds are negative is that large investors would rather take the government IOUs than cash, meaning they think that there is a risk that the cash might be worthless

>Do they eat each other in the streets and burn each other alive
yes, they are so poor they eat dead people

The Jewish communist movement in which hundreds of thousands of your superior Germans supported, fought and killed their fellow countrymen for.

>Never once have they said "the euro is good for us, but damaging for everyone in the long run".
They think exactly that actually but they only say it when they are not talking to inbred plbs, although they are not completely honest with themselves when it comes to why it's bad in the long-run:
youtube.com/watch?v=nv3lRhC8WsU
>If your competitiveness grew at the same rate as the German one, why should a common currency be causing divergences?
It's complicated and this isn't reddit, I am not going to spoonfeed you. There are many layers of why what the euro institutions did was wrong. There is a general one based on principles of economics that were laid out since the 1950s by many economists like James Meade, there is one that deals with fundamentals of the european economy before the Euro, there is one that concerns the way the political balance of Europe and the way it's influenced by previous historical influences affects the economy. There are too many reasons to write in a post. I can name for example the divergence is also due to economies being too different, and being impossible to apply the same policies to many different economies and give good results everywhere, especially if the only thing those economies have in common when it comes to pursuing a certain policy is the fact they have a same currency. You should look up how economic imperialism was done in the past in Africa and in South America, and you'll understand they used the same exact economical layout to carry it out.
> it's still interesting why Spain and Italy joined the euro and don't intend to leave it anytime soon.
First of all, Spain and Italy don't decide shit, the globalists run the game. Secondly, it's because we've paid the price while your capitalists got fat with south euro money, and our governments know it will be time for you to give something back at a certain point, so why should they be dumb twice and give up on that opportunity?

>They're just playing hardball.
Probably
>They'll bail out DB eventually when the DB CEO's don't have any other options than to accept all government terms.
I can see the government bailing out Postbank, but really DB is kinda of a lightning rod in German politics.

Merkel made the mistake to let Ackerman celebrate his birthday party, Ackerman talked about this publicly.

Reheating this story a year prior to the election is really painful for the CDU/Merkel. Thus it's politically more viable for her to let DB burn for a day or two while bailing out Postbank.

sueddeutsche.de/politik/merkel-staatsgeld-fuer-bankier-ackermanns-party-im-kanzleramt-1.169980
Here's the story that makes an extremely painful end for DB the only viable political strategy for Merkel.

That wasn't my point. My point is that the snake-oil contract is coming to an end.

Germany is in tatters as is most of Europe.

It won't be the end of the German people, but to say "Everything is going great lol. Muh German industry" is whitewashing serious demographic and financial issues.

>comparing european countries devaluing their currency with Zimbawe devaluing it
I want austrian economics cucks to leave
>Manipulation will only buy you time.
Everything could be labelled as "manipulation" in economic policies

who?

Why is it that every single white country on the planet is wealthy, every single Hispanic country is a shithole, and every single black country is hell-on earth?

How come blacks in America have the same murder rate as Zimbabwe, while whites in America have the same murder rate as Belgium?

How come when Detroit was 90% white, it had the highest median income in the world and was called the "Paris of the West". And now that it's 80% black, it has a 50% literacy rate, failing electrical grid, and murder rates higher than many African nations?

It's genes
Demographics makes all the difference

...

A...are we white? :(

Southern Europe has gotten a lot of gene flow from North Africa unfortunately

You're white, but not high-tier
Higher than the slavs, lower than the french

Your name is a Roman currency unit. Lel

>already bought silver
I can't wait anymore, please collapse already

>Higher than the slavs

If your theory on race is true (and I believe it is), how do you explain that? There should be less African mix in slavs. Unless they're getting it from a different race?

Either way, Slavic people have very similar environmental conditions to that of most traditionally white countries.

I don't know why your sperging out so much I simply pointed out your example was wrong

France has gotten way more gene flow for North Africa recently. They basically turned the country half African in one generation. True, those genes haven't integrated into the white gene pool yet, but nothing but civil war and outright genocide is going to prevent that.

Your countries name is Tim Molester lol

I am fine with that.

>unironically believing this shit
amerimutt genocide when?

Dinar was Yugoslavin currency as well.

I've just converted all my savings to USD.

>1 hour until NYSE opening

Give me comfy happenings Cred Forums! I don't want to fucking lose on this conversion!!!!!

should we start buying bitcoins already?

>First of all, Spain and Italy don't decide shit, the globalists run the game.
By saying so, you immunize yourself from any responsibility for your own situation. We live in relatively functional democracies, we see right-wing, anti-globalization movements, Brexit, Trump around the world.

>They think exactly that actually but they only say it when they are not talking to inbred plbs
They mostly consist of inbred plebs, after forcing the economist reformers out and replacing them with nationalists, clueless about economics. I assure you, the guy you saw talk is not representative of the AfD members' public opinion at all. They believe Germany pays for South Europe.
>I can name for example the divergence is also due to economies being too different, and being impossible to apply the same policies to many different economies and give good results everywhere
You are hinting at our Agenda 2010 and similar neoliberal reforms?
I indeed don't believe they would help you, since your welfare systems and unemployment benefits are already worse than ours and further cutting them back will do more harm than good.
Sorry about that, but I'm still sticking to the narrative that what caused the economic fall of South Europe wasn't that you missed out on some reforms. You always were less productive and had no business joining the euro, with Lots/Franc working out fine for you.

>Lots
Lira

>I've just converted all my savings to USD
Well shit, good luck user
Here's hoping it all goes to hell

Hi Hungary. Is that bank headquartered in Hungary?

Or is it an American bank?

>all goes to hell

Only the euro gets cucked! Dollar will skyrocket, r-right?

Raiffeisen Bank. It's Austrian.

should have bought silver

Silver is taxed here... 27% tax. Though gold is tax-free, but I heard it's overpriced.

USA pissed off KSA

Petrodollar collapse soon, then hyperinflation in USA.

>By saying so, you immunize yourself from any responsibility for your own situation
No, I simply state facts. Do you think Merkel wants millions of syrians in Germany for example? Don't be so naive
>They mostly consist of inbred plebs, after forcing the economist reformers out and replacing them with nationalists, clueless about economics
Well, then that sucks for them. Once dumb people get in power they always gey co-opted into doing the elite's bidding (see Syriza for example).
>They believe Germany pays for South Europe
they are wrong of course
>Sorry about that, but I'm still sticking to the narrative that what caused the economic fall of South Europe wasn't that you missed out on some reforms. You always were less productive and had no business joining the euro, with Lots/Franc working out fine for you.
You fell to the dichotomy "muh reformrs" and "muh living beyond our means". That's not how economics work. Economics is a social science. Productivity has nothing to do with the problem, the problem is the relations between political and economic entities and how those relations affect their economic output. It's really hard to summarize this stuff because it's complicated, you need to do your own research. Do you think Northern Germany is unproductive and has no business in joinin the euro? If the euro was only a german currency, but every german state had a national government and the Bundesbank had the same role as the ECB, you would see the exact scenario that happened in Europe happen in Germany, except northern germany would represent southern europe and Bayern would represent Germany.
>You always were less productive and had no business joining the euro
Italy was one of the richest countries in the world, you don't know what you are talking about. We had some of the highest private savings in the world, people were rich and productive as fuck. You don't have to buy it you know? Just research things and open your fucking eyes

I changed it in a mix of pound sterling and swiss francs. I still have a couple thousands euros for my day to day needs.

In premise you're along the right lines. I'll put something down here, and let you decide how to proceed. (The Austrian banking system is also at risk by the way.)

The US Dollar is likely to rise. There is a US Dollar shortage developing in the Middle East, and in Europe. (I am sure the central banks are collaborating to suppress a strong USD right now, but that's an aside.) Consider the following:

1. If the Austrian Government or ECB decides to impose it, they may force-convert your currency into Euros, or something else.

2. There is also risk in the USD. It doesn't pay to have all your eggs in one basket.

EUR = 1.1163 USD
You just waited for the record low to convert didnt you

>Do you think Merkel wants millions of syrians in Germany for example?
Yes

(((they))) just finished propping the price up, prepare for the big sell.

>Do you think Merkel wants millions of syrians in Germany for example? Don't be so naive
I don't. Neither do I believe that globalists forced her to accept them. A lot of circumstances did.

Or do you want to elaborate who exactly and for what reason wants Syrians in Germany?
>It's really hard to summarize this stuff because it's complicated, you need to do your own research.
You must've read some sources, so feel free to share them.

I did a lot of research prior and the conclusion I came to is that there is no globalist conspiracy going on, it's just that the Eurozone crisis of 2008 played out really well for Germany and bad for everyone else. With a cheap euro, Germany boomed, whilst the South drowned in debt they cannot recover from, due to austerity and a fixed exchange rate against Germany, with too high wages.
>We had some of the highest private savings in the world, people were rich and productive as fuck.
Whilst I do indeed believe that Italy was a far better country before 2008, you always had to devalue your currency vis-a-vis Germany and France to compete. And a lot of your wealth is due to the worth of real estate.

Consider the following:
~15% savings in Czech Koruna*
~15% savings in Danish Krona*
~30% savings US Equities, held in an American brokerage. (Stick to blue-chips, the biggest and best managed businesses. Preferably with real economic activity.)
~10% in physical gold and silver coinage. Preferably collector's coins.
~10% Euros*
~5% in Bitcoin

Remaining 5% varied between food stock, and any basic necessities.

Make sure you stay liquid, so if you have limited cash flow, you need to keep more Euros reserve etc.

*Held in bank ideally.

Prepare new thread we are going to miss the habbening

THAT FUCKING SURGE

TIME TO BUY BEFORE IT HITS 20

*15% varied.

BUY GREEK DOLLAR BONDS
SAFE SAFE SAFE
BUY NAO

5% was expected, it over shot slightly but its still about to drop like a solid iron shit off a cliff f a m

>They're propping it up this much before Jew York gets it
Christ we're about to witness a murder

>You must've read some sources, so feel free to share them.
You need to learn economics user. I can't give you source, it's not like there's a cuckington post or another cuckpaper article that I can link you with all the info.

>Or do you want to elaborate who exactly and for what reason wants Syrians in Germany?
Depends how deeper you want to go. One of the reasons is that other european countries have devalued their wages to match german devaluation, so she needs to suppress german wages more or you will lose your competitiveness.

>I did a lot of research prior and the conclusion I came to is that there is no globalist conspiracy going on, it's just that the Eurozone crisis of 2008 played out really well for Germany and bad for everyone else
2008 crisis has nothing to do with Germany's success, although it sped it up a bit, just like all external shocks do to an unbalanced economic system.

>Germany boomed, whilst the South drowned in debt they cannot recover from, due to austerity and a fixed exchange rate against Germany, with too high wages.
Your mistake is thinking Germany boomed. Your industry was propped up by government spending in the private sector. You broke euro regulations and modernized your companies with public money. That is also why in the last decade the difference between poor and rich in your country went up so much (it is higher than in Italy btw, to give you a comparison measure).
The south doesn't have high wages, it is Germany that suppressed their wages with the voluntary intention of applying the "beggar thy neighbour" economic policies. Which would never work in any other economical situation, except in the Euro. Seems to be made exactly for the Euro in fact. That alone proves Germany always wanted to fuck over their neighbours.

>Whilst I do indeed believe that Italy was a far better country before 2008, you always had to devalue your currency vis-a-vis Germany and France to compete. And a lot of your wealth is due to the worth of real estate.
There's nothing inherently wrong with devaluing one's currency. Currency is a good like everything else and its value is determined by offer and demans among other things. People owning real estate is actually a means to determine that the general population are wealthy.

Stay in the EU they said
Economic stability they said

see, leveled off at 6% up, i was a percentage point out. Now the fun can begin lads.

>NYSE opens in 1 minute
Good night sweet prince

youtube.com/watch?v=_rcmeMxxGYw