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Germany, Forced to Buoy Greece, Rues Euro Shift

As Europe edges toward emergency guarantees to stem market panic over one of the most profligate members of the euro bloc, the country that the region turns to for leadership, Germany, is suffering from growing doubts about the European experiment it long championed.

ohhh, [Europe.Is.Doomed™ Alert]

The apprehension in Germany runs much deeper than a single crisis. It comes in the same week that Germany gave up its most cherished title, world export champion, to China, heightening fears of a declining stature and importance globally.

Germany also faces a demographic challenge, managing a population that is not only graying but shrinking. Last month the government announced that the population dropped below 82 million last year for the first time since 1995. That means fewer people trying to pay off a growing national debt, with a projected budget deficit of $118 billion this year.

ohhh [Europe.Is.Doomed™ Alert]

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Feb 11th, 2010 at 12:58:51 PM EST
Good old NY Times...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Feb 11th, 2010 at 01:35:24 PM EST
[ Parent ]
Another recent classic NY Times "news analysis" was this:
For Kremlin, Ukraine Election Cuts Two Ways.

You see, for the Kremlin, the candidate they wanted to win winning had an upside and a downside. The upside was that Ukraine comes back into the Russian orbit. The downside is that the Ukrainians have shown the Russians that they are capable of democracy (since the pro-US candidate didn't steal the election), something the Russians themselves are not, according to the Times.

Yes, it must be so depressing to be a Russian these days, having to ruminated about how you don't have a vigorous democracy. Russians must be so envious of the Americans in this regard...

A bomb, H bomb, Minuteman / The names get more attractive / The decisions are made by NATO / The press call it British opinion -- The Three Johns

by Alexander on Thu Feb 11th, 2010 at 03:02:39 PM EST
[ Parent ]


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