{"id":3643,"date":"2012-02-28T06:01:59","date_gmt":"2012-02-28T11:01:59","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3643"},"modified":"2012-02-28T06:01:59","modified_gmt":"2012-02-28T11:01:59","slug":"the-world-from-berlin-europe-is-pouring-money-into-a-bottomless-barrel-spiegel-online-news-international","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/28\/the-world-from-berlin-europe-is-pouring-money-into-a-bottomless-barrel-spiegel-online-news-international\/","title":{"rendered":"The World from Berlin: &#8216;Europe is Pouring Money Into a Bottomless Barrel&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International"},"content":{"rendered":"<p>In an interview with SPIEGEL published on Monday, [Interior Minister Hans-Peter Friedrich] said: &#8220;Greece&#8217;s chances to regenerate itself and become competitive are surely greater outside the monetary union than if it remains in the euro area.&#8221; He added that he did not support a forced exit. &#8220;I&#8217;m not talking about throwing Greece out, but rather about creating incentives for an exit that they can&#8217;t pass up.&#8221; It was the first time a member of the German government called on Greece to leave the currency.<\/p>\n<p>via <a href=\"http:\/\/www.spiegel.de\/international\/europe\/0,1518,817795,00.html#ref=rss\">The World from Berlin: &#8216;Europe is Pouring Money Into a Bottomless Barrel&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an interview with SPIEGEL published on Monday, [Interior Minister Hans-Peter Friedrich] said: &#8220;Greece&#8217;s chances to regenerate itself and become competitive are surely greater outside the monetary union than if it remains in the euro area.&#8221; He added that he did not support a forced exit. &#8220;I&#8217;m not talking about throwing Greece out, but rather &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/28\/the-world-from-berlin-europe-is-pouring-money-into-a-bottomless-barrel-spiegel-online-news-international\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The World from Berlin: &#8216;Europe is Pouring Money Into a Bottomless Barrel&#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":[5,33],"tags":[962,1295,1547,1614],"class_list":["post-3643","post","type-post","status-publish","format-standard","hentry","category-economy","category-uk-europe-countries-regions","tag-debt-crisis","tag-euro-zone","tag-germany","tag-greece"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The World from Berlin: &#039;Europe is Pouring Money Into a Bottomless Barrel&#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=\"The World from Berlin: &#039;Europe is Pouring Money Into a Bottomless Barrel&#039; - SPIEGEL ONLINE - News - International - the patient investor\" \/>\n<meta property=\"og:description\" content=\"In an interview with SPIEGEL published on Monday, [Interior Minister Hans-Peter Friedrich] said: &#8220;Greece&#8217;s chances to regenerate itself and become competitive are surely greater outside the monetary union than if it remains in the euro area.&#8221; He added that he did not support a forced exit. &#8220;I&#8217;m not talking about throwing Greece out, but rather &hellip; Continue reading &quot;The World from Berlin: &#8216;Europe is Pouring Money Into a Bottomless Barrel&#8217; &#8211; SPIEGEL ONLINE &#8211; News &#8211; International&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/28\/the-world-from-berlin-europe-is-pouring-money-into-a-bottomless-barrel-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=\"2012-02-28T11:01:59+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/28\/the-world-from-berlin-europe-is-pouring-money-into-a-bottomless-barrel-spiegel-online-news-international\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/28\/the-world-from-berlin-europe-is-pouring-money-into-a-bottomless-barrel-spiegel-online-news-international\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"The World from Berlin: &#8216;Europe is Pouring Money Into a Bottomless Barrel&#8217; 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The Greeks won't ever return to health under the euro. The country just isn't competitive. Wages and prices are far too high, and the bailout plan will\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":3643,"position":2},"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":3643,"position":3},"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":[]},{"id":2282,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/22\/the-world-from-berlin-will-merkel-change-her-tune-on-euro-bonds-spiegel-online-news-international\/","url_meta":{"origin":3643,"position":4},"title":"The World from Berlin: Will Merkel Change Her\u00a0Tune on Euro Bonds? &#8211; SPIEGEL ONLINE","author":"ColinTwiggs","date":"November 22, 2011","format":false,"excerpt":"The left-leaning Berliner Zeitung writes: \"People in the euro crisis have become accustomed to one constant: What Chancellor Angela Merkel categorically rejects today can still be implemented tomorrow. That makes the euro-bond debate ... so exciting. A 'no' from Berlin doesn't necessarily mean the last word.\"\"There are many indications that\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":2511,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/03\/europes-debt-crisis-ecb-hints-at-help-pending-euro-zone-integration-spiegel-online-news-international\/","url_meta":{"origin":3643,"position":5},"title":"Europe&#8217;s Debt Crisis: ECB Hints at\u00a0Help Pending Euro-Zone Integration &#8211; SPIEGEL ONLINE","author":"ColinTwiggs","date":"December 3, 2011","format":false,"excerpt":"[ ECB chief Mario Draghi] seemed to hint at a possible way out of the downward spiral, saying that the ECB could be prepared to take additional steps to halt the crisis. 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