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So did 80 % of the German voters at the last election. Does that justify telling all German bondholders to take a hike?

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.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Feb 6th, 2011 at 06:32:18 PM EST
[ Parent ]
Now that is a lie.
by IM on Mon Feb 7th, 2011 at 09:26:30 AM EST
[ Parent ]
I suppose whether the SPD is neoliberal is in the eye of the beholder.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Feb 7th, 2011 at 09:29:10 AM EST
[ Parent ]
True. But you cuold say the same about Labour in Ireland. That is why I said openly neoliberal: FF, FG, PD.
by IM on Mon Feb 7th, 2011 at 09:37:25 AM EST
[ Parent ]
IM:
True. But you cuold say the same about Labour in Ireland.
And that proves what exactly?

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Feb 7th, 2011 at 10:23:12 AM EST
[ Parent ]
I wouldn't call Labour neo-liberal. Certainly centre-left at best though. Their manifesto for the last election was about things like transfers to the poor and centre-left stuff like that.
by Colman (colman at eurotrib.com) on Mon Feb 7th, 2011 at 10:31:30 AM EST
[ Parent ]
After Hartz IV?

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.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Feb 7th, 2011 at 09:43:01 AM EST
[ Parent ]
I was trying to be polite...

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Feb 7th, 2011 at 10:31:02 AM EST
[ Parent ]

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