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  Again, that's not primarily a Greek issue. It's a matter of inadequate German wages causing a demand shortfall in the Eurozone, and that demand shortfall hitting those countries which did not engage in irresponsible wage suppression policies.

- Jake

 

  And yet, only yesterday, during his so-called news conference, french president Sarkozy was seen and heard making a complimentary object-lesson out of this very policy of the Germans' wage suppression(s).

  And he gets away with this!

   Look, I know our abilities to take some useful action to help are very limited here but couldn't EuroTrib at the very least do something in an organised way to vocifierously oppose the juggernaut of eco-nonsense that's still being piously peddled in the popular press, radio and television?

   France Info, France-Inter, and others, for example, continue to report off-handedly that the austerity measures --called bail-outs, etc.--are aimed at "rescuing Greece" rather than what they obviously are: a rescue of the financial interests which made lousy and corrupted investment decisions.

   Imagine the impact of hearing a news report describe Germany's wage suppression policies as being and having been "irresponsible"!  

   I was struck by that; others would be as well.  The flim-flamming is still going on flagrantly and with little apparent "blow-back" or negative consequences for those who are brazenly peddling theoretic bull-shit.  Why, now, is this still allowed to go on?

"In such an environment it is not surprising that the ills of technology should seem curable only through the application of more technology..." John W Aldridge

by proximity1 on Wed Jun 29th, 2011 at 08:06:59 AM EST
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