Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I would be obliged if you don't make up my positions for me.

And I would be much obliged if you would refrain from tossing around red herrings. Such as the chronology of bailouts in a discussion of the chronology of attacks.

You take countries with large CA deficits: Spain, Portugal, Greece and then mix them together with other countries: France, Italy, Belgium there the CA deficit is quite small. And you just hand wave Ireland away.

If this were a debt crisis, Germany and France would have been attacked more or less at the same time - the two have roughly equal levels of debt to GDP, and if anything France has outperformed Germany in the growth department over the past two decades.

They weren't, so it isn't.

This is called deriving a testable hypothesis from your theory. When your testable hypothesis does not hold up to empirical scrutiny, the hypothesis is deemed to have been falsified. A large enough number of falsified hypotheses derived from a given theory casts doubt on the validity of the theory.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 09:25:07 AM EST
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