Saturday, January 28, 2012

Its amazing how many economists can forecast things but never seem to design the economy such that these collapses do not happen.

I had the curiosity to look up Angele Merkel's interview in the following five newspapers - I also realized the difference between the UK newspaper and everybody else. Click the links, see for yourself -- Germany, Suddeutsche Zeitung: Angela Merkel on European Union "Germany's strength is not infinite" She has been called the Iron Chancellor and a female Bismarck: the debt crisis has promoted Chancellor Merkel to Europe's most powerful politician. For the first time she has an interview with six European newspapers about this power, she explains what she means by solidarity - and warns EU states against excessive demands on Germany in the debt crisis.....Five bullets:
- "Germany's strength is not infinite"
- "Europe will be stronger after the crisis"
- "We do not cut ourselves off"
- "Euro bonds are not a solution"
- "My vision is of a political union"


France, Le Monde: Angela Merkel: "My vision is of a political union"



For thirty-five years behind the Wall, Angela Merkel dreamed of Europe. Now, for the Chancellor, Europe is domestic policy.


Italy, La Stampa: Merkel: "My vision for Europe is a political union " ; Poland, Gazeta Wyborcza: Blood, sweat and tears Angela Merkel....Finally, without beating about the bush, she starts talking about the problems of Europe. No, I'm not afraid to break the European Union and I can see it in the future as a political union. Yes, I want to Poland to participate in the deliberations of the fiscal pact.....Spain, El Pais: "Diplomatic treatment is not sufficient. Half measures will not solve this": UK, The Guardian: Angela Merkel discovers her inner European The euro crisis appears to have ignited in the German chancellor a passion for the EU Angela Merkel casts doubt on saving Greece from financial meltdown




German chancellor speaks candidly to the Guardian and five other leading European newspapers as part of a unique collaboration to explore the EU's predicament...or is she ?

5 comments:

Anonymous said...

“"The man who has no sense of history, is like a man who has no ears or eyes"”
allisondoriginal Adolf Hitler quote

“"The man who has no sense of history, is like a man who has no ears or eyes"”
allisondoriginal Adolf Hitler quote

mono said...

José Manuel Barroso, the European commission's president, said: "We cannot resort to fiscal stimulus to boost growth."

Why not? With rigorous controls over European financial institutions and the banning of the more anti-social practices, it would be entirely practical.

What can be more stupid than expecting Spain to pay off its debts, when its economy is in depression?

Anonymous said...

Thinking about Hollande, he's going to be another Blair and Obama, and therefore not only not do what he claims but also not do anything to help in this crisis. Representative democracy is, along with the economy, in crisis. How does it end up that we are represented by parties that are all essentially the same? We head for democratic slavery, with children born into debt. It's like Athenian democracy where the slaves get the vote, and we've gone back to that in time.

romanian said...

The high long-term unemployment in Spain would be unnecessary if they were free from the shackles of the Euro, and of course reform the labour-market dominated by vested interests, which kills the hopes of the young. The people are being ground down, but not everyone:

Here's how 'austerity' can work in Spain: the head of the Navarre regional government, Yolande Barcina, a close chum of Rajoy, (unemployment in the region about 14%, better than Adalucia at 30% but still damaging) had her wings clipped over very high extra allowances in addition to her salary. In response to the press outcry, the allowances went, but her salary went way up to compensate, and, guess what, she'll be getting a very handsome payment for heading a board designed to' boost business' in Navarre and overcome the crisis. Result: more cash than ever, a lot of it! And all 'salary'.

A local example to show just how the age of' austerity' in Spain can work for some better placed than others.........

There are a great many intelligent and capable people in Spain, but they are trapped in a system that can't and won't change: the party politicos will carry on as before, while hospitals and schools close and people almost starve. The Catholic charity that hands out food is doing great business. Only the strong family ties of the culture will save the masses, and the little allotments that many people still have out in the country.

Anonymous said...

Mariano Rajoy has begun to put pressure on the European Union to ease Spain's deficit targets

Let's face it, austerity is not only a really shit idea, it's clearly leading to a complete disaster for everybody except the bungling bonus banksters who thought up the idea in order to recoup the losses they suffered by virtue of their total incompetence!

This much is clear to everyone, so why are we letting them get away with it?