Germany: the miraculous machine

"What helped was that other countries inflated away from Germany. That has contributed greatly to Germany's success." (Germany: the miraculous machine, April 20.)
The German success is driven by free money. Without the euro, the deutsche mark would have made many German products too expensive for export markets and their neighbours would have been unable to finance German product purchases via German bankers.
Germany has been the beneficiary of the euro. It lowered the relative cost of labour by raising their competitors costs.
Bankers just promoted the idea to get free money.
The neighbours governments are paid in euros. The idea of being paid in their own currency is not attractive as it means a cut in their living standard. Government, everywhere, still believes it creates wealth rather than consuming it.
The 1 per cent loans for three years will unleash inflation on Germany. This is the outcome of "saving" insolvent bankers. The Germans should increase interest rates now but cannot. Their only option is to export their euros which exaggerates the trade problem.
When interest rates finally lift the Germans will be left with the bill. Equally it's there own fault. They should have known people were greedy.

Geoff Croker (April 20, 7.50am), you nailed it. (Germany: the miraculous machine, April 20.)

If anyone's listening, this seems to be a last ditch attempt to keep bond yields from rising (Germany: the miraculous machine, April 20).
Around two to three years from now, most EU nations will face rising bond yields and falling bond sales, if not sooner.
With the biggest consumers (BRICs) willing to pay in gold for oil, the days of the US dollar, and hence the euro, appear numbered.
I would like to see the euro succeed, albeit as a devalued and competitive currency – as the benefits to the world economy are numerous.