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And whatever exactly helped Germany to master this crisis - neoliberalism it was not.

On this I believe we can agree. One thing that has helped Germany for at least the last decade has been that they have been able to set important aspects of macro policy to suit their perceived needs regardless of the consequences to other countries. The peripheral nations have been out of phase with Germany in their interest rate needs and are receiving ever decreasing sympathy for their plight.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Feb 6th, 2011 at 03:37:12 PM EST
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