Monday, September 19, 2011
The Germans have this honesty (or brutishness) thing, they say what they think. “We don’t think that real economic and social problems can be solved by means of monetary policy,” said German Finance Minister Wolfgang Schaeuble at the meeting of EU finance ministers and central bank governors. “That has never been the European model and it won’t be.”
A fascinating concept. Wolfgang thinks the Untermenschentum must work harder and pay their debts. Just as Germans do. No easing nor stimulus. Somehow I cant see Obama agreeing.