For 60 years, successive German governments sought a more European Germany; but now, Chancellor Angela Merkel’s administration wants to reshape Europe's economies in Germany’s image. This would be a disaster: Far from being Europe’s most successful economy – as German officials boast – Germany’s economy is dysfunctional.
Nobel Prize-winning Stiglitz's assessment is tough: at the current rate of “recovery” the eurozone can expect no chance of a return to normal before the start of the next decade. For the single currency, he says, “the extreme austerity that a number of European countries have adopted has almost been a death blow”. Here the American economist argues that to save it an ambitious reform of the structure of the eurozone and its policies is required.
Pubblichiamo un'anticipazione dal nuovo numero di Le monde diplomatique/il manifesto in uscita il 14 febbraio 2013 con il quotidiano.di Alexis Tsipras, da il manifesto, 6 febbraio 2013Febbraio 1953. La Repubblica federale tedesca (Rft) è schiacciata dal peso del debito pubblico e minaccia di
El pánico financiero y la austeridad que impone Alemania le reportan grandes beneficios y favorecen la apuesta de los grandes especuladores contra las deudas soberanas de los países del sur de Europa
A Greek journalist who published the names of more than 2,000 of his compatriots who held Swiss bank accounts was acquitted on Thursday (1 November) in a case that touched a nerve over the role of tax evasion in the country's debt crisis.
The article provides a data-rich analysis of how a banking crisis has morphed into a sovereign debt crisis as the authorities have refused to impose losses on investors in banks in the so-called core Eurozone countries. And as Rosner argues, the current path of denial and delay has increased the eventual costs to Germany and the global economy, with the tab to Germany already €500 billion higher than it would otherwise have been.
People with university degrees have suffered far fewer job losses during the global economic crisis than those who left school without qualifications, according to the latest edition of the OECD’s annual ...