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My concern throughout has not been that some workable policy mix won't be find after all the wrong ones have been tried first, but the collateral damage inflicted before getting there.
The destruction of Greece is too much collateral damage for me, but of course one could argue that it's about 1% of the EU so it's not a serious loss if it stops at that. What I can't fathom is the callousness required for the Troika to formulate and execute the policy. You don't drive "one of us" to IMF riots, which indicates that Greece is not perceived as one of us in Brussels and Frankfurt and that is the real problem. There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
You don't drive "one of us" to IMF riots, which indicates that Greece is not perceived as one of us in Brussels and Frankfurt and that is the real problem.
Of course. Wasn't that clear from the beginning?
There is a tiny economic area (no, with a currency union that expression doesn't make sense). Start new: there is a tiny area that managed to break away from the old arch-enemy and chose us. It hasn't much of a business idea, but who cares? It's one territory and without question the centre has to transfer funds to the parts of the periphery that are at a disadvantage. Perhaps one day it will even be the other way round, who knows? You noticed that I am talking of the Saarland, I hope.
It just depends on the definition of us, and that means the definition of the European idea.
Or will it? Peak oil is not an energy crisis. It is a liquid fuel crisis.
German-polish relations haven't been as good as now since the siege of vienna.
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