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.
Submitted by Matt McCaffrey via the Ludwig von Mises Institute, The economic turmoil in Venezuela has received increasing international media attention over the past few months. In September, the toilet paper shortage (which followe... 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