Tag: Germany
Putin Accomplishes in Days What Trump Couldn’t Do In Four Years:
I have been carrying this around in my back pocket for a while, but let’s get it out there today! Chancellor Olaf Scholz said on Sunday Germany would sharply increase its spending on defence to more than 2% of its economic output in one of a series of policy shifts…
United States Is Canadian Captive!
Given President Donald Trump’s logic this week that Germany is a captive of Russia (it takes one to know one I think) because of the Russian pipeline being built under the Baltic Sea to Germany…the United States of America is a multiple captive of Canada given the number of pipelines…
Getting the boot
Germany has asked Washington’s top CIA official to leave their country amid allegations that employees of Germany’s intelligence service were actually spying for the US. The CIA official asked to leave is reported to be accredited as the chief of station, which begs the question, how many German intelligence agency…
The Turd in the Eurozone Pool
This time, it’s not a Baby Ruth! When Greece poops, it’s everyone out of the Europool. This demonstration that the euro is, in fact, reversible would lead, in turn, to runs on Spanish and Italian banks. Once again the European Central Bank would have to choose whether to provide open-ended…
85 Bullets
Amazing. In Germany, a nation with a population of 82 million people, German police shot a total of 85 bullets in all of 2011. 85. Are you freakin’ kidding me??? They fired a grand total of 85 bullets in an entire year. Meanwhile, in the U.S., where the population is…
Austerity Dealt A Crushing Blow in Germany
Angela Merkel’s conservative party, whose government has led the austerity charge in the Eurozone, has suffered a stunning electoral defeat in Germany’s largest state on Sunday. The left is rising across Europe. The election in North Rhine-Westphalia (NRW), a western German state with a bigger population than the Netherlands and…
How Germany Ate the Eurozone
A chart from Paul Krugman’s latest book, End This Depression Now! which goes a long way towards explaining WTF happened to the Eurozone. It wasn’t profligacy by the Eurozone periphery, it was the massive trade imbalances created by cheap credit in the periphery and the export engine of the Germans. Germany’s…
Highway to Hell – Eurozone Edition
Yes, Krugsandra has issued another proclamation from his Fortress of Macroeconomics high on the slopes of Mount OMFGWTF. Germany believes that its successful adjustment was the result of its own virtue, but in reality it was successful in large part because of an inflationary boom in the rest of Europe. And…
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