{"id":1825,"date":"2011-11-07T23:47:03","date_gmt":"2011-11-08T04:47:03","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1825"},"modified":"2011-11-07T23:47:03","modified_gmt":"2011-11-08T04:47:03","slug":"top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/","title":{"rendered":"Top German Economist: &#8216;It&#8217;s in Greece&#8217;s Interest to Reintroduce the Drachma&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International"},"content":{"rendered":"<p>[Economist\u00a0Hans-Werner Sinn, president of the Institute for Economic Research, in Munich]: What politicians refer to as a &#8220;rescue&#8221; will not actually save Greece. The Greeks won&#8217;t ever return to health under the euro. The country just isn&#8217;t competitive. Wages and prices are far too high, and the bailout plan will only freeze this situation in place. So it&#8217;s in Greece&#8217;s interest to leave the euro and reintroduce the drachma.<\/p>\n<p>via <a href=\"http:\/\/www.spiegel.de\/international\/europe\/0,1518,796251,00.html#ref=rss\">Top German Economist: &#8216;It&#8217;s in Greece&#8217;s Interest to Reintroduce the Drachma&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Economist\u00a0Hans-Werner Sinn, president of the Institute for Economic Research, in Munich]: What politicians refer to as a &#8220;rescue&#8221; will not actually save Greece. The Greeks won&#8217;t ever return to health under the euro. The country just isn&#8217;t competitive. Wages and prices are far too high, and the bailout plan will only freeze this situation in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Top German Economist: &#8216;It&#8217;s in Greece&#8217;s Interest to Reintroduce the Drachma&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[962,983,1134,1295,1614],"class_list":["post-1825","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-debt-crisis","tag-default","tag-drachma","tag-euro-zone","tag-greece"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Top German Economist: &#039;It&#039;s in Greece&#039;s Interest to Reintroduce the Drachma&#039; - SPIEGEL ONLINE - News - International - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top German Economist: &#039;It&#039;s in Greece&#039;s Interest to Reintroduce the Drachma&#039; - SPIEGEL ONLINE - News - International - the patient investor\" \/>\n<meta property=\"og:description\" content=\"[Economist\u00a0Hans-Werner Sinn, president of the Institute for Economic Research, in Munich]: What politicians refer to as a &#8220;rescue&#8221; will not actually save Greece. The Greeks won&#8217;t ever return to health under the euro. The country just isn&#8217;t competitive. Wages and prices are far too high, and the bailout plan will only freeze this situation in &hellip; Continue reading &quot;Top German Economist: &#8216;It&#8217;s in Greece&#8217;s Interest to Reintroduce the Drachma&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-11-08T04:47:03+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Top German Economist: &#8216;It&#8217;s in Greece&#8217;s Interest to Reintroduce the Drachma&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International\",\"datePublished\":\"2011-11-08T04:47:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/\"},\"wordCount\":107,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"debt crisis\",\"default\",\"drachma\",\"euro-zone\",\"Greece\"],\"articleSection\":[\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/\",\"name\":\"Top German Economist: 'It's in Greece's Interest to Reintroduce the Drachma' - SPIEGEL ONLINE - News - International - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2011-11-08T04:47:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/top-german-economist-its-in-greeces-interest-to-reintroduce-the-drachma-spiegel-online-news-international\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top German Economist: &#8216;It&#8217;s in Greece&#8217;s Interest to Reintroduce the Drachma&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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&#8211; SPIEGEL ONLINE &#8211; News &#8211; International","author":"ColinTwiggs","date":"February 28, 2012","format":false,"excerpt":"In an interview with SPIEGEL published on Monday, [Interior Minister Hans-Peter Friedrich] said: \"Greece's chances to regenerate itself and become competitive are surely greater outside the monetary union than if it remains in the euro area.\" He added that he did not support a forced exit. \"I'm not talking about\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1779,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/04\/the-world-from-berlin-the-common-currency-endgame-has-begun-spiegel-online-news-international\/","url_meta":{"origin":1825,"position":2},"title":"The World from Berlin: &#8216;The Common Currency Endgame Has Begun&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International","author":"ColinTwiggs","date":"November 4, 2011","format":false,"excerpt":"Conservative daily Die Welt writes: \"At the end of the eventful day, the redemptive message came: Papandreou would withdraw his referendum because conservative Greek opposition leader Antonis Samaras declared he was ready to vote for the aid package with the government and take part in an interim national unity government......\"\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":609,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/03\/troika-talks-on-aid-to-greece-stall-wsj-com\/","url_meta":{"origin":1825,"position":3},"title":"Troika Talks on Aid to Greece Stall &#8211; WSJ.com","author":"ColinTwiggs","date":"September 3, 2011","format":false,"excerpt":"\"I expect a hard default definitely before March, maybe this year, and it could come with this program review,\" said a senior IMF economist who is keeping close tabs on the situation. \"The chances for a second program are slim.\" Failure of Greece to meet its targets, growing reluctance by\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2232,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/20\/debt-crisis-contagion-the-euro-zones-deadly-domino-effect-spiegel-online-news-international\/","url_meta":{"origin":1825,"position":4},"title":"Debt Crisis Contagion: The Euro Zone&#8217;s Deadly Domino Effect &#8211; SPIEGEL ONLINE &#8211; News &#8211; International","author":"ColinTwiggs","date":"November 20, 2011","format":false,"excerpt":"The main problem of a Greek exit from the euro zone is not necessarily the direct impact on banks. I believe our government when they say that they would be able to get that under control. The real problem is the next domino. The crisis will spread unchecked to Italy.\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3848,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/17\/not-out-of-the-woods-yet-despite-progress-euro-crisis-is-far-from-over-spiegel-online-news-international\/","url_meta":{"origin":1825,"position":5},"title":"Not Out of The Woods Yet: Despite Progress, Euro Crisis Is Far From Over &#8211; SPIEGEL ONLINE","author":"Colin Twiggs","date":"March 17, 2012","format":false,"excerpt":"Christian Rickens: So has Greece been rescued and financial markets been tamed? Is the euro crisis a thing of the past? Unfortunately not. With their successes in the last few days, euro-zone politicians have done little more than bought themselves time. They must use this window to brace themselves for\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1825"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1825\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}