The Sterling Crisis: The mighty mark basks in a plethora of superlatives: Counter-offensive to defend EC
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.'OH YOU beautiful, mighty Mark - make our life cheaper]' As the British huddled, humiliated, amidst the wreckage of Europe's currency disaster, unruffled Germans awoke yesterday to these triumphant tones from the Bild Zeitung, writes John Eisenhammer.
'Super Mark' proclaimed the headline across the front page, while its popular rival, Express, hailed 'Victory for the Bundesbank' in the 'great currency battle'. Blissfully ignoring the anguished attacks on the Germans, and especially the Bundesbank, coming from several European countries, Express told its readers 'to celebrate, for goods from Britain, Italy and Spain are now much cheaper'. In a eulogy to its beloved D-mark, Bild wrote how it is 'loved all over the world - they are all desperate to crawl into it. The English, Swedish, Spanish, and hottest of all, the Italians.'
The biggest, and worst, losers of the turbulence among European currencies are the British, the Germans say. 'Stop whining]' was the advice of one writer in a quality daily, who said the British were paying the price of insufficient discipline: 'Stability begins at home.'
Just in case its readers had not realised how wonderful the world had become over the past few days, Bild provided a shopping list for Germans with super marks burning in their pockets. A week's salmon fishing in Scotland, clearly every German bricklayer's dream, is now to be snapped up for just DM2,000 (pounds 763) instead of DM2,500.
Tweed jackets, the newspaper reports, are being given away for DM300 instead of DM360, while a Daimler is going for the rush-out-and-buy-three price of DM120,000, as opposed to DM133,000. British insurance policies are 30 per cent cheaper than German ones. But be careful, warns Bild, 'they are not as reliable as ours'. As for the pound, do not touch] it admonishes. The mighty mark is 'going up and up'.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments