The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
It's not even a zero-sum game any longer, it's a lose-lose situation.
By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
On the issue at hand, I do think that über-hawk Weber would very much like to go after the unloved Landesbanken, whatever the potential damage for the entire German economy, and thus seized the moment.
On the "cold war", what happened at the EU summit regarding austerity and stress tests seemed like the end of it.
On your broader theory, which if I got it right is that since February, Germany's elites collectively want to crash the Euro to have an excuse to bail out Deutsche Bank, it just doesn't make sense to me. First, it starts with speculation that DB is in trouble. Second, Germany is not the UK, there are industries other than the financial industry, and the loss of the Euro would hurt them a lot. Third, given that the austerity drive itself hurts German exports in both the medium and long term (medium: recession reduces EU consumption, long: Germany's depression of labour costs would be reproduced elsewhere), the whole push has all the hallmarks of short-term thinking.
One whose delusions are out of fashion.
by Bernard - Jun 26 51 comments
by Migeru - Jun 26 63 comments
by Frank Schnittger - Jun 27 51 comments
by rifek - Jun 27 52 comments
by Frank Schnittger - Jun 25 99 comments
by Frank Schnittger - Jun 24 72 comments
by Frank Schnittger - Jun 23 45 comments
by tyronen - Jun 22 38 comments
by rifek - Jun 2752 comments
by Frank Schnittger - Jun 2751 comments
by Bernard - Jun 2651 comments
by Migeru - Jun 2663 comments
by Frank Schnittger - Jun 2599 comments
by Frank Schnittger - Jun 2472 comments
by Frank Schnittger - Jun 2345 comments
by tyronen - Jun 2238 comments
by John Redmond - Jun 1726 comments
by Frank Schnittger - Jun 1734 comments
by gmoke - Jun 155 comments
by Frank Schnittger - Jun 1362 comments
by DoDo - Jun 1231 comments
by Democrats Ramshield - Jun 104 comments
by generic - Jun 81 comment
by fjallstrom - Jun 81 comment
by DoDo - Jun 647 comments
by ARGeezer - Jun 617 comments
by DoDo - Jun 568 comments
by ARGeezer - Jun 270 comments