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No, it does not. Bondholders should be given haircuts in order of their importance for the productive economy, and in a manner that is distributionally reasonable. Widows and orphans should be protected. Bankers should lose their shirts.
Austerity can only be implemented in the shadow of a concentration camp.
True. But you cuold say the same about Labour in Ireland.
After sabotaging the SPD/Linke coalition in NRW for absolutely no gain?
After preferring a Grand Coalition over an SPD/Linke coalition at the federal level?
No, not really.
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