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It probably does. Which would also rule out Maystadt and Reynders.

Is Draghi totally evil for having worked for GS? Is there not a tiny parcel of good in every human being? </desperate>

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Jan 21st, 2011 at 10:57:14 AM EST
[ Parent ]
There's this:
"The euro is solid," Draghi told a gathering of market operators in Naples," but he called on the EU to extend and reform its economic structures "with the same vigour it devoted over the years to consolidating government budgets."
Though everything I've seen regarding Draghi's GS ties is really wretched. And Germany resents him for being associated with the use of derivatives by Greece and other EU countries to get around the German Stupidity Pact.

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 Fri Jan 21st, 2011 at 11:08:25 AM EST
[ Parent ]
Back in 2009, when governments needed to be convinced to do some stimulus, there was this:
There were even the lies contradicting the Governor of the Bank, Draghi, who had said something true, namely that there are 1,600,000 Italians who risk finding themselves completely up the creek if they lose their job, because there is no social safety net to soften the blow. Probably the number is even more than 1,600,000, but the fact that the Governor said this was already an interesting fact. Berlusconi, who was evidently asleep during Draghi's speech, as often happens, afterwards said: Draghi made an excellent Berlusconian speech. Later he found out that Draghi had said that there were 1,600,000 people who stood to lose everything while the government was doing nothing, and at that point Berlusconi says: the data are not true. Actually the data are true, and may even be underestimates.


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 Fri Jan 21st, 2011 at 11:10:18 AM EST
[ Parent ]
This from 2007 by de Gondi:
It appears that the only revolutionary left in Italy is the head of Italian fed reserve, Mario Draghi who insists that workers be paid more.


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 Fri Jan 21st, 2011 at 11:11:28 AM EST
[ Parent ]
With ideas like that he doesn't stand an earthly.

We're fucked.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Jan 21st, 2011 at 11:23:51 AM EST
[ Parent ]
The point is that only Weber clones stand an earthly, so we're fucked in any case.

I mean, is there a German candidate we would like? Weber, Stark and Regling are obviously hawks, though it is unclear whether Regling would oppose having his EFSF give Greece a relatively cheap loan so Greece can repurchase its bonds...

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 Fri Jan 21st, 2011 at 11:33:05 AM EST
[ Parent ]
Well, even the FDP agrees: Brüderle backs big pay rises as economy booms - The Local
Workers hungry to share in the spoils of Germany's booming economy through higher wages have been given encouragement from a surprising place: the country's pro-business Economy Minister Rainer Brüderle.
Now, to talk about a "booming German economy" in October 2010 is a bit too celebratory, but still...

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 Fri Jan 21st, 2011 at 12:45:32 PM EST
[ Parent ]

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