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From Wolfgang Münchau on Eurointelligence:
In Germany, opposition to today's expected rate cut is running high. Spiegel Online is announcing "the end of capitalism as we know it". Germany's savings banks association warns that the low returns would force German banks to invest in riskier securities (and we all know where that ends. This statement is the equivalent of: "Hands up, or I shoot myself!").

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Thu Jun 5th, 2014 at 04:36:38 AM EST
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