It's nice to see Harald Freiberger und Markus Zydra in the Süddeutsche Zeitung recall that economic depressions can and have had adverse affects on democracies (Griechenland-Krise im historischen Vergleich. Das Gespenst von Weimar 26.02.2012).The Troika of the IMF, the EU and the ECB (European Central Bank) agreed a week ago on paying the latest tranche of bailout money to Greece, in exchange for more of Angela Merkel's crippling austerity politics, with the absurd aim of reducing Greece's debt-to-GDP ration to 120% by 2020.
Socialist Party candidate François Hollande won the Presidency in France.According to the reports at this writing, the conservative New Democracy (ND) Party came in first in Greek parliamentary elections, a left coalition called Syr... Read Post
Helmut Schmidt, former German Chancellor, EU in der Krise: Die Währung ist gut Süddeutsche Zeitung 08.05.2011. Schmidt was and is a Social Democrat. But his economic viewpoints are very much influenced by neoliberalism, aka, "the Wa... Read Post
The straight-talk express, Greece edition... From Calculated Risk: "Ob Griechenland über die Zeit wirklich in der Lage ist, diese Leistungskraft aufzubringen, das wage ich zu bezweifeln"Deutsche Bank CEO Josef Ackermann, May 13, 201... Read Post