English version thanks to Marion Sarah Tuggey
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The holidays are going on, even though they’re almost over, and some Solon has decided to tell us with a self-defined “detailed analysis” full of “in my opinion…” the opportunity of exit the Eurozone to come back to the old good Lira. Well, writing “In my opinion it would be better to exit the EuroZone in a website whose manifesto is clearly stated as “Let’s go back to the Lira” makes the “in my opinion” section at least irritating. Summarizing the self-defined authoritative opinion, the Euro would be a trap, being it in sole favour of Germany, which benefits from a fixed-exchange area, concentrates the industrial production, etc. etc.
I was almost convinced, ah …then I read the comment posted by a faithful reader, which reposted this excerpt from another website:
“The Statistisches Bundesamt issues the foreign trade data of the first semester. Surprisingly, the trade balance with the EuroZone is almost even, and the exports to the EZ members account just 38.5% of the total trades. Enormous growth in the exports to the extra UE countries. There is in fact huge trade surplus”
Surprisingly indeed, considering the disappointing import-export data for China, arrived in the morning. I’ll ask my alien cousins if Germans are selling them white goods and services. I’ll also seize the occasion for warning them, would those scoundrel Germans try to frame them into a “fraud monetary system”…
No more silliness, please. It’s far too easy to forget that the single currency, increasing the price openness among the member states and boosting the competition, contributes to the creation of more advantageous prices for the citizens. Just to give you an instance. And it’s even easier to forget that the Italian politicians has been throwing away several points of the GDP for 12 years – points given by the possibility of saving interests by issuing debt with the single currency. And who’s at fault?
Interests – a topic which reconnects my mind to the “It’s not men’s fault, it’s finance corrupting them” group – the newly introduced French Tobin Tax won’t affect netting operations (open and closed in the day). Once more, I couldn’t help but agree with Mario Seminerio.
Everything and its opposite – let’s be calm. At least with presumption. Give yourself the benefit of the doubt.
It’s hot, it’s sunny, let’s try not to get crazier than usual…we’ll be back to data and figures very soon, I promise.