March 1, 2012

Why Germany Embraces Austerity

Derek Scally, Irish Times

AP Photo

AMERICA’S FIRST Nobel Prize winner for economics, the late Paul Samuelson, was fond of saying that God gave economists two eyes and it was up to them to use them. The euro zone crisis is, among other things, an academic argument between two economic traditions, each accusing the other of limited vision while themselves having only one eye open.

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TAGGED: Germany, Eurozone


February 28, 2012
Germany: The America of Europe
Jan Fleischhauer, Der Spiegel
We will probably just have to get used to the fact that, for a time, Germany won't be very popular in some countries in Europe. In the worst case scenario, we could spend out next holiday in America for a change. Or we could just... more ››
German voters value austerity. That, at least, is what Chancellor Angela Merkel is betting on as she embarks on a new package of savings measures aimed at balancing the budget in two years. She wants to show the rest of Europe... more ››
February 17, 2012
A Way Out of the Woods for Europe
The Economist
The euro may survive brinkmanship over Greece, but the road to recovery will be long and hard. more ››
February 29, 2012
Ugly German Stereotypes Resurface in Greece
Heyer & Batzoglou, Spiegel
Greeks have gone from being big fans of Germans to comparing them to Nazis dead-set on using financial means to establish the "Fourth Reich." What was once the type of exaggeration mostly found in caricatures has now become a... more ››