Italy voted last Sunday in a way that should deeply frighten all those who still feel a touch of responsibility for Europe in them. But nothing of the sort can be observed in German politics or the public. One merely sees one’s own prejudices confirmed and reflexively admonishes Italian politics to finally turn to the path of virtue that Germany has long been charting. The fact that this election in Italy was preceded by a long process of disappointment and frustration about the behaviour of the most important European neighbours is simply ignored.
Austerity
Heiner Flassbeck – Common Sense and Macroeconomic Logic
Most economists and journalists don’t understand that when companies save rather than borrow and make investments, the state must run a deficit – a lesson that surplus-crazy Austrians and Germans have not learned, yet. Heiner […]
Economics
Heiner Flassbeck – The economic situation in Bulgaria and Romania – Part 1
Economic developments in Eastern Europe are not given much thought in the West – the accepted wisdom being that “the market will fix everything”. But the market will not fix everything. Although most governments […]
National Politics
Anatol Lieven: Pentagon leak reinforces what already know: US-NATO in it to win
But revelations about American and European boots on the ground is new, and could prove a dangerous and so far unexplained, wrinkle. Read HERE
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