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Europe.Is.Doomed (6) - 'impressive' German economy needs (what else) "reform" | 26 comments (26 topical, editorial, 0 hidden)
Re: Europe.Is.Doomed (6) - 'impressive' German eco (4.00 / 4)
Does Germany still have politicians willing to express leftwing ideas? Why not!?!

FT.com  - German president complains of financial markets 'monster'

Global financial markets have become "a monster" that "must be put back in its place", the German president has said, comparing bankers with alchemists who were responsible for "massive destruction of assets".

In some of the toughest comments by a leading European politician since the start of the subprime crisis, Horst Köhler - a former head of the International Monetary Fund - called for tougher regulations and the reconstruction of a "continental European banking culture".

by das monde on Mon May 19th, 2008 at 05:23:46 AM EST
Re: Europe.Is.Doomed (6) - 'impressive' German eco (4.00 / 2)
The fun thing is that Köhler is not even left-wing - and as former IMF head, his views are largely neoliberal! I should really finish this diary... maybe when back from work.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Mon May 19th, 2008 at 06:52:56 AM EST
[ Parent ]
Re: Europe.Is.Doomed (6) - 'impressive' German eco (4.00 / 3)
called for tougher regulations and the reconstruction of a "continental European banking culture".

But don't forget he was as well head of the Sparkassenverband, which is fighting privatisation of the public banking sector in Germany tooth and nail.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers

by Martin (weiser.mensch(at)googlemail.com) on Mon May 19th, 2008 at 09:38:35 AM EST
[ Parent ]

Europe.Is.Doomed (6) - 'impressive' German economy needs (what else) "reform" | 26 comments (26 topical, 0 editorial, 0 hidden)
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