Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I suppose I meant Germany instead of "wealthy countries. It's not a great idea to destroy your own markets.

Is it the same thing Walmart is doing by grossly underpaying its own workers? See Henry ford.

Hey, Grandma Moses started late!

by LEP on Sun Feb 17th, 2013 at 04:46:20 AM EST
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The German chattering classes flatter themselves that they'll be able to export to China what the rest of the EU doesn't import.

Also, they tell Spain that it should export more to Latin America.

So, Germany wants the largest economy in the world to apply deflationary policies at home and export unemployment to the rest of the world. We could call this the 'small open economy syndrome', for Germany (let alone Europe) may be an open economy, but it surely isn't small.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Carrie (migeru at eurotrib dot com) on Sun Feb 17th, 2013 at 04:52:03 AM EST
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