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 Frank Schnittger - Dec 6 3 comments
by Frank Schnittger - Dec 5 8 comments
by Metatone - Dec 5 11 comments
by marco - Nov 30 8 comments
by vbo - Nov 21 9 comments
by Bjinse - Nov 24 13 comments
by afew - Nov 28 45 comments
by ARGeezer - Dec 6 1 comment
by ARGeezer - Dec 61 comment
by Oui - Dec 63 comments
by Frank Schnittger - Dec 63 comments
by Frank Schnittger - Dec 5
by Frank Schnittger - Dec 58 comments
by Metatone - Dec 511 comments
by marco - Nov 308 comments
by afew - Nov 2845 comments
by Bjinse - Nov 2413 comments
by Oui - Nov 2317 comments
by vbo - Nov 219 comments
by Metatone - Nov 2030 comments
by gmoke - Nov 195 comments
by Oui - Nov 196 comments
by Cyrille - Nov 18107 comments
by Ted Welch - Nov 1510 comments
by Oui - Nov 14
by Oui - Nov 1210 comments
by afew - Nov 1233 comments
by madeleine kando - Nov 1114 comments