Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yes, basically the ECb is the path I see..

regarding inflation, I would say if Spain needs a 10% then to balance trade and demand in Europe, Germany inflation should grow at 15%. I do not think is possible.

Spain inflation at 4% and germany at 7% is possible.. if only German would increase demand by eliminating unemployment with massive government demand.

Sadly I do not see that one neither.. so it will be a long period of very low growth and high unemployment..to get rid of household debts that's the way the masters of the consensus want it to be.

Other than that.. how do you keep aggegrate demand high by taxing land hard?

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Thu Apr 29th, 2010 at 06:16:09 AM EST
[ Parent ]

Others have rated this comment as follows:

melo 4