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 DoDo - Dec 18 1 comment
by Democrats Ramshield - Dec 16 4 comments
by ARGeezer - Dec 15 62 comments
by gmoke - Dec 2 8 comments
by Democrats Ramshield - Dec 20 4 comments
by das monde - Dec 14 18 comments
by LEP - Dec 9 26 comments
by gmoke - Dec 17
by Democrats Ramshield - Dec 204 comments
by DoDo - Dec 181 comment
by gmoke - Dec 17
by ReGiNuss - Dec 171 comment
by Democrats Ramshield - Dec 164 comments
by ARGeezer - Dec 1562 comments
by das monde - Dec 1418 comments
by LEP - Dec 926 comments
by ARGeezer - Dec 816 comments
by gmoke - Dec 72 comments
by rz - Dec 415 comments
by gmoke - Dec 28 comments
by A swedish kind of death - Dec 233 comments
by rz - Nov 3071 comments
by Migeru - Nov 2959 comments
by ARGeezer - Nov 242 comments
by Cyrille - Nov 247 comments
by gmoke - Nov 1916 comments