Angela Merkel: “You can’t spend more than you take in. You can’t live your whole life this way. Everybody knows this.”
Everybody? Not in Europe. Bloomberg: As Europe’s economy stagnates and unemployment climbs, an opposing view is gaining momentum.
France's new President promised to take the side of Southern European countries whose economies are being strangled by Germany's austerity prescription.

4 comments:
Fasten your seatbelts.
Anon.
We are in for a steep ride. Hope not.
NYTimes just had an editorial saying that more stimulus speding was needed to "create" an economic recovery. Apparently several trillion $ is not enough. I'm reminded of the 18th century doctors - "we have not bled the patient enough to remove the bilious humors. Bleed him some more."
K
The lunatics have taken over the asylum.
Anon.
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