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More Bitterlich:

But the French solution, mutualising the debt, is no better.

As is usual for a member of the Germal political elite, he never really gets round to saying why this is so. (or, if they do, not ever in an economically literate way.)

The Hun is always either at your throat or at your feet. Winston Churchill
by r------ on Tue Jan 22nd, 2013 at 08:10:29 AM EST
He, along with the rest of The Gang, has bought into the idea an economy is a Zero Sum Game: a player can only win if another player loses.  Stated baldly, like this, it's very easy to see it is nonsense.  Therefore, it can't be stated baldly.  So Bitterlich, et. al., go around hiding their nonsense in a maze of polysyllabic obfuscatory persiflage.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Tue Jan 22nd, 2013 at 12:28:02 PM EST
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