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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.
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.
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
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.
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