In an Spiegel Online interview, George Soros says that as an investor he would be very pessimistic, especially about Europe and warns that Germany could develop into a hated, imperial power. On whether return to the deutschmark would be cheaper for Germany: There is no question that a breakup of the euro would be very…
It is very difficult to have a dry island in a severely over-flooded region. Germany’s economy is strongly dependent upon exports and nearly 44% of her export are to other EU countries. If the economies of EU countries like Greece, Spain, Portugal, Italy etc. get in trouble then to expect that Germany will remain unaffected…
Given Chancellor Merkel’s insistence on implementing austerity dominant policies to solve European crisis, you would think that people who are helping her develop such approach would produce articles that would support her position. Not so from Caille Millner, who used to be a fellow at the Konrad-Adenauer Stiftung – a think tank for the Christian…
There is definitely a conscious effort on the parts of Chancellor Merkel and her cohorts like Jörg Asmussen, Member of the Executive Board of the ECB and a fellow German, to impose their ideological approach to the European crisis. However, it is increasingly looking like a failure of leadership. She is working hard to lower…
The famed hedge fund manager, George Soros, thinks that after election Greece will stick by current bailout agreements but would find it impossible to do so. further more, German economy will start to weaken by fall 2012. “The Greek crisis is liable to come to a climax in the fall. By that time the German economy will…
Robin Wells, economist and Paul Krugman co-author, writes: “[…] the heart of the problem lies in the political culture of Germany and the mindset of its political and economic elites, which have never been willing to admit to their own voters the sacrifices that must be undertaken in order to be the leader of Europe. Instead,…