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politicians are scared to ask the German population, which is already, to a good extent, a victim of these policies, in the form of stagnant wages, and savings destroyed by stupid investments in crazy products by dumb banks they are bailing out as taxpayers, to pay again for Greece.

Germans are unhappy of their economic situation, but feel righteous about it (they took the stagnation on the chin rather than thriftily borrowing to keep on spending).

They would probably welcome increased wages, but have been brain-washed, for good and bad reasons, that this would be a dangerous thing to do (bring back inflation, make them less competitive, cost jobs, etc...).

Wind power

by Jerome a Paris (etg@eurotrib.com) on Thu Mar 18th, 2010 at 12:40:37 PM EST
[ Parent ]
hey, where did the Keynes quote go???
by crankykarsten (cranky (where?) gmx dot organisation) on Thu Mar 18th, 2010 at 12:47:11 PM EST
[ Parent ]
Gone With The Wind ;)
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Mar 18th, 2010 at 12:48:36 PM EST
[ Parent ]
word punnery par excellence :-)
by crankykarsten (cranky (where?) gmx dot organisation) on Thu Mar 18th, 2010 at 12:50:11 PM EST
[ Parent ]
In the long run, all quotes are changed.

Wind power
by Jerome a Paris (etg@eurotrib.com) on Thu Mar 18th, 2010 at 01:13:31 PM EST
[ Parent ]
Sometimes I wish our American politicians were so scared of us American taxpayers who have similarly had no wage growth that they refused to bailout the bankers.

Ah, who am I kidding??!

by Upstate NY on Thu Mar 18th, 2010 at 04:35:47 PM EST
[ Parent ]
they are scared enough  of using taxpayer money to help Greece, but not enough to not bail out the banks....

Propaganda works, if you get such results...

Wind power

by Jerome a Paris (etg@eurotrib.com) on Fri Mar 19th, 2010 at 05:20:29 AM EST
[ Parent ]

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