Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Tell that the Weber. Shouldn't his resignation put a little dent in your "the germans runs everything" conspiracy?
by IM on Sat Feb 12th, 2011 at 05:41:28 PM EST
[ Parent ]
Merkel runs Germany.

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 Sat Feb 12th, 2011 at 09:31:43 PM EST
[ Parent ]
I thought the Bundesbank?
by IM on Sun Feb 13th, 2011 at 07:54:44 AM EST
[ Parent ]
Weber's ouster is good news. Now we just need to get rid of Stark, and we'll have a shot at getting somebody sane in office.

But it doesn't change the fact that the ECB has been consistently favouring the surplus countries - of which Germany is the most prominent and powerful - and has for far too long been pandering to German inflation neuroses.

Incidentally, you should be happy about this outcome. Weber was the most significant obstacle to Ireland's debt being repaid in full, due to his insane insistence that the ECB shouldn't carry it at below market rates until the crisis was over.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Feb 13th, 2011 at 12:31:49 AM EST
[ Parent ]


Top Diaries

It's "Whose Economy, Stupid?"

by Helen - Aug 3
1 comment

In which I defend Wolfgang Schäuble

by rz - Jul 15

I'm done with the EU

by tyronen - Jul 13

The Greece Blame Game

by Frank Schnittger - Jul 20

The democractic insolvency

by rz - Jul 16

Occasional Series