Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
And it is a bit boring to read the same Krugman blog post again and again. After all I and the rest of the readers of this blog too already did read it at the source.

Reagrding Münchau:
"While the balanced budget law is economically illiterate, it is also universally popular"

Universally popular all over the world. I already did mention the US. The popular support for austerity in the us and the UK is hardly "forced" by german pressure. The same is true in the rest of the world. Balanced budget laws and constitutional balanced budget amendments are always popular. I doubt there are many countries where public opinion is different.

That is a problem and we should deal with it. And not seek the fount of all evil somewhere over the border in "Frankfurt".

by IM on Thu Sep 8th, 2011 at 05:00:41 AM EST
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