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Sure, They take orders from Germany. I have to disappoint you, but the SI is not working that way. The SPD likes to claim they had a lot of influence on the SPOE in the first post Franco years. (helping build democracy in spain etc.) Perhaps that is true.

But certainly not nowadays.

Do you want to claim the last debt ceiling crisis on the US was caused by german influences too? Or austerity in the UK, is Cameron just a german puppet?

by IM on Wed Sep 7th, 2011 at 06:45:21 AM EST
[ Parent ]
No, I'm just talking about the management of the Euro crisis.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed Sep 7th, 2011 at 06:49:46 AM EST
[ Parent ]
I don't think it's unreasonable to ask the question "qui boni?"

Right now, the answer to that question is "Joseph Ackerman."

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 07:24:38 AM EST
[ Parent ]
Ah yes. Wall Street is starving.
by IM on Wed Sep 7th, 2011 at 07:36:47 AM EST
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While I quite like herring, I do not usually eat them red.

Wall Street has fuck all to do with the breakup of the €-Mark.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 08:10:53 AM EST
[ Parent ]
And the same is true of Deutsche Bank. Especially in your account of the crisis; after all it is currency not debt, right? Or do you now think Deutsche Bank is the central bank of europe?
by IM on Wed Sep 7th, 2011 at 08:29:02 AM EST
[ Parent ]
The debt is the tail, the current account imbalances are the dog, and the problem is that the tail is wagging the dog.

Ackerman is the biggest flea on the tail, so he is the one who benefits the most from the tail wagging the dog.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 08:40:48 AM EST
[ Parent ]

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