Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFrau Merkel gone wild
Wreckless German Austerity Push Shows No Signs of Letting Up
So heres WaPos Anthony Faiola on where the Europeans are in dealing with their, which may soon be our, financial crisis:
The leaders of Germany, France, Italy and Spain were gathering in Rome Friday for crucial talks aimed at reaching a compromise on short- and long-term fixes for the regions worsening financial crisis, ahead of a European Union summit in Brussels next week.
The meeting came as the fallout of Europes crisis was spreading beyond the borders of the 17-nation euro zone, with the Moodys rating agency downgrading 15 global banks including Bank of America and Citigroup, as well as four of Britains largest financial institutions, citing worries about their exposure to now-volatile world markets
The Rome talks were hinging on the ability of a trio of leaders French President Francois Hollande, Italian Prime Minister Mario Monti and Spanish Prime Minister Mariano Rajoy to convince the reluctant German Chancellor Angela Merkel to take a more aggressive stance in fighting the crisis.
The meeting came as the fallout of Europes crisis was spreading beyond the borders of the 17-nation euro zone, with the Moodys rating agency downgrading 15 global banks including Bank of America and Citigroup, as well as four of Britains largest financial institutions, citing worries about their exposure to now-volatile world markets
The Rome talks were hinging on the ability of a trio of leaders French President Francois Hollande, Italian Prime Minister Mario Monti and Spanish Prime Minister Mariano Rajoy to convince the reluctant German Chancellor Angela Merkel to take a more aggressive stance in fighting the crisis.
So whats Merkel up to? Ezra Klein suggests a very scary possibility today: The Germans and their northern European allies (no longer including France) are not really interested in helping Greece meet its obligations, despite all the happy talk about what would happen if the right people won the recent elections ........................(more)
The complete piece is at: http://www.alternet.org/newsandviews/article/989820/wreckless_german_austerity_push_shows_no_signs_of_letting_up/
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 1278 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Frau Merkel gone wild (Original Post)
marmar
Jun 2012
OP
Odin2005
(53,521 posts)1. The EU is the German Empire without the Kaiser.
n2doc
(47,953 posts)2. Germany will suffer too
And Merkel will be out in the next election.
CTyankee
(63,912 posts)3. why isn't anybody in any position of power listening to Paul Krugman?
what is the matter with everybody? He's right. He's always right. Always has been right and always will be right.