Quote:
Originally Posted by Sephiroth
Not at all. That would be irrational. I merely point out that the German government of the day engineered the basket of currencies going into the Euro that enabled Germany to reduce the Euro's value against the DM - which has now led to German hegemony. Juncker (whom I do dislike) calls Merkel first.
As to your fisheries remark, I don't know whether or not our representative turned up to meetings and why a decision not to attend was made. What I do know is that our representative will always be outvoted. You can't really be condoning the current fisheries situation for the UK; right?
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The Deutschmark was low at the time of the inception of the Euro due to the costs of reunification. In contrast, other currencies such as the lira and drachma were overvalued due to the incoming euro. This of course helped countries that export a lot such as Germany and hindered net importers such as the southern eurozone nations. The Deutschmark certainly wasn’t overvalued against the euro but the introduction of the new currency did help but this was due to semi-external factors.
Our representative to the fisheries committee was a certain Nigel Farage who turned up to one out of 42 meetings. Can’t be outvoted if you don’t turn up I guess.
Please feel free to explain how the current fisheries quotas are unfair considering DEFRA is reponsible for divvying up the UKs quota and sells these to foreign companies at the expense of small fishermen. For example, 99% of the mackerel landed is by 33 vessels -
http://www.thelandmagazine.org.uk/ar...-uks-fisheries
Edit - interesting article on Germany and its relationship with the Euro here -
https://www.forbes.com/sites/miltone.../#5913630c27da