_ I’m listening to public radio from the Austrian state of Styria that includes Graz. What seems curious is that it’s supported by the state, which means tax money. In the United States nobody with a public radio would be… Continue Reading →
_ Hitler didn’t pursue the English soldiers at Dunkirk. He let them get away and get ferried back to Britain. This allowed Churchill to stay in power. That eventually led to Hitler’s demise five years later. You could say that… Continue Reading →
You might think economics are boring, but the Euro Crisis seemed to be the only economic story that in a worse case scenario could lead to war. Even Angela Merkel said that if the Euro Zone failed, she couldn’t guarantee… Continue Reading →
You read about German towns being evacuated because of bomb scares — and not terrorist bombs either. These are bombs left over from World War I and World War II. Every time they build something new, they have to comb… Continue Reading →
We defeated Germany in two world wars, but we still need the country on our side to manage world affairs. We take care of the earth the way the British Empire used to. But Germany still has to manage Europe…. Continue Reading →
_ I’m reading in an editorial about the Euro Zone crisis how on December 9 European countries agreed to write into their national constitutions that budgets have to be balanced. And if they are not, automatic corrective measures would be… Continue Reading →
Wolfgang Schauble, Germnay’s Finance Minister, announced that Germany would pay its contribution to the European Stability Mechanism in 2012. It’s supposed to be paid in over 5 years in 5 equal installments. Its lending capacity is supposed to be 500… Continue Reading →
_ France may get downgraded. Belgium might get downgraded. But no credit rating agency can realistically downgrade Germany. First of all it would be meaningless. Germany follows all the budget rules that are promulgated. Secondly no one would pay attention…. Continue Reading →
Fitch, a British credit rating agency, says that it doesn’t believe the Euro Crisis will be solved. Fitch cites Germany’s resistance to letting the ECB take over and print money. Because of this it is downgrading France from a AAA… Continue Reading →
_ England has been the enemy of Germany for over one hundred years. First there was World War I and World War II. Now England is the enemy of the Euro Zone. In Yes, Minister! and Yes, Prime Minister! the… Continue Reading →
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