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Tuesday Open Thread
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207
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Re: I'm getting to the point
(
4.00 / 4
)
no they won't - they'll just re-write history, the way they always do
by
zoe
on
Tue Apr 15th, 2008 at 02:05:22 PM EST
[
Parent
]
Re: I'm getting to the point
(
none / 0
)
This is hardly necessary.
Brown, who certainly has indeed some responsibility, is labour party, so the crisis may help the conservatives up in UK.
French and Italian banks had not too much losses, especially if one does not count Kerviel, who has not really something to do with the credit crisis. As well I doubt that there will be strong surprising downturns, and Italy is for sure not underregulated.
In Germany it were mainly public banks, where since many years market orientated people demand privatisation and anyhow the current economy is still better than 2003-2005, 2005 when a left orientated party chancellor asked for new elections because the country was seen in a deep crisis. This year will be a good year under recent German standards and next year is forecasted to be below average, but only a little (1998 - 2007 average in German growth was around 1.4%). Additionally it helps psychological that for the first time since quite some years we are doing better than the 'hyperdynamic supereconomy' USA. And this believe is spread among left people nearly as much as among right wingers.
Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers
by
Martin
(
weiser.mensch(at)googlemail.com
)
on
Wed Apr 16th, 2008 at 02:37:19 PM EST
[
Parent
]
Tuesday Open Thread
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comments (207 topical, 0 editorial, 0 hidden)
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