NP - Germany Won't Budge on Austerity: Economic Suicide is Character Building

[alice malice]

How does one define austerity? The word is tossed about by all sides,
but at cross purposes and no serious definition is agreed upon. Is
Germany doing enough? Is France, Italy, Spain ...doing enough? Is a
political and fiscal solution feasible? What of the Bank? The Germans
are paying a dear price for the political failures of other nations
and for the geopolitical conflicts, the sanctions and so on. Now, it
is close to a tipping point.All of this is good for the US, as the US
is unwinding its massive QE, and US rates are being driven lower, the
dollar higher. Well, that's the weight of an Empire. Germany must see
this and it must make them angry, but pawns and knights are not
queens. That's the game, Germany is responsible, with the Russians,
for the chess board, so it goes.

On Mon, Oct 13, 2014 at 9:07 AM, David Morris <fqmorris at gmail.com> wrote:
> Clearly this response shows the weakness of the Euro: the "Union" is a
> farce.
>
> But Germany won't be able to stand alone for long.  If Europe is screwed, so
> is Germany.
>
>
>
> On Mon, Oct 13, 2014 at 3:53 AM, Kai Frederik Lorentzen
> <lorentzen at hotmail.de> wrote:
>>
>>
>> On 12.10.2014 12:09, alice malice wrote:
>>
>> Europe is screwed. And Germany is only doing what it needs to do to
>> get in a better position to recover over the longer term.
>>
>>
>> Amen!
>>
>
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Pynchon-l / http://www.waste.org/mail/?list=pynchon-l