Germany’s Hidden Weaknesses
Norbert, Walter. With Greece once again nearing default, calls are going out this week for Germany to step in to help. And many Germans are, once again, responding with indignity, saying they shouldn’t have to bail out their profligate neighbors. Πηγή: The New York Times πλήρες κείμενο
It’s Time To End the Greek Rescue Farce
Kaiser, Stefan. Whether it be an escrow account or a budget commissioner, the latest demands by Germany show just how absurd negotiations over Greece’s future have become. It is high time to bring an end to this tragicomedy. Πηγή: Spiegel Online πλήρες κείμενο
The Elephant in the Room Is Spain, Not Italy
Auerback, Marshall. Another day and the markets remain fixated on whether Greece comes to a “voluntary” arrangement with its creditors. The key word is “voluntary” because the myth of “voluntary compliance has to be sustained so that those deadly credit default swaps avoid being triggered. Πηγή: EconoMonitor πλήρες κείμενο