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The Great Mystification
Bernanke said it first. Trichet followed suit. The OECD is already preparing banquets and workshops in June to look beyond the crisis. As if it were over. All this is ludicrous framing and wishful thinking, which goes like: “if we shift the attention from the unfolding effects of the crisis (such as skyrocketing unemployment) to [...]
Fuck the ECB: european solidarity trumps monetarist dogma
Friends, Sisters, Genderbenders of the european peninsula: the old guys in Frankfurt are trying to prevent Germany to bail out Ireland and other countries in the eurozone because otherwise “fiscal discipline” and the euro would be in danger. Trichet, Almunia, you there? Then listen well: fuck the Maastricht Treaty and the Stability Pact: its utter [...]