John Mauldin - Not Minor Demons: Problems on the Euro Periphery 2/5

The transcript discusses the economic restructuring of Germany post-reunification, highlighting their export strategy and labor cost management. It contrasts this with Spain's economic challenges, focusing on competitiveness and debt issues. The text explores the dynamics of European sovereign debt and the potential for an EU breakup. It concludes with Greece's economic crisis, suggesting that leaving the euro might be a better option than staying, given their dire financial situation.

What factors contributed to Germany's restructuring after reunification?

How did the euro's introduction impact labor costs in Germany compared to other southern European countries?

What are the potential consequences of Greece's trade deficit?

In what ways does the debt structure in Spain differ from that in Greece?

What are the long-term effects of the European Central Bank's actions on national banks?

Discuss the implications of Italy potentially defaulting on its debts.

What strategies could Greece employ to address its financial crisis?