In German debt and guilt are the same word: Schuld. So, in Germany, debt has a morally negative connotation. Further, the state budget is referred to as “Haushalt”, which is the word for household. Germans […]
The European crisis can only be understood if one understands the crisis in economics that is causing it. Politics was and is slavishly dependent on the wrong economic teachings. Germany is lost without European Monetary […]
Anyone who says that the German export boom is a relatively normal event that is the result of German productivity has not studied the relevant figures. The weakness of the German domestic market proves that […]
In Germany the public image of the European crisis is rooted in prejudice. It is therefore necessary to clarify once again using the latest data what is really at stake and how the “great divergence” […]
For economic policy in most Eastern European nations, only the market counts. However, this cannot work in a world where the conditions for traditional macroeconomic management no longer exist. Heiner Flassbeck is an economist, as […]
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 […]
It is more than tragic that the last high-ranking French Socialist is playing the role of the executioner of Italy. Fear of neo-liberalism will eventually be the death of the Social Democrat movement. Heiner Flassbeck […]
Ten years after the global crisis, the financial markets are again being glorified as if nothing had happened. Countries are threatened by capital markets, which will make financing public debt more expensive if their governments […]
The political causes of ultra low interest rates in Europe is still being ignored. While those who fail to comprehend that we have to support Italy are promoting nationalism there and in Germany. Heiner Flassbeck […]
This article was written before Qatar announced it would offer $15 billion to bolster the Turkish economy and Turkey had begun introducing measures to stymie the devaluation of the Lira. Heiner Flassbeck is an economist, […]
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