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I’m not an economist, but this article sounds right. It’s all the fault of the delusional Germans.
Financial Times, 1:27pm Thursday November 24th, 2011
Germany is the real winner in a transfer union
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By Sebastian Mallaby
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Ireland and Spain suffered property and banking busts at least partly because monetary policy was too German, writes Sebastian Mallaby.
Posted in Economy, Europe, Globalism.
– November 25, 2011
I’m a consultant who focuses on global public affairs. I am co-chair of the Fleishman Hillard Global Public Affairs Practice and I advise clients whose organizational goals are either enhanced or impeded by governmental policy. I have worked for clients from most industry sectors and on every continent, save Antarctica. Before joining Fleishman Hillard, I spent 14 years working in the U.S. House of Representatives, cycling between… Read More »
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