Economic Policy (Anglo-Saxon v. European?)

Things are turning nasty.

In a letter published in Kathimerini’s online English edition on 27 February 2012- in response to a Bloomberg article by Clive Crooke (Greek deal leaves Europe on the road to disaster), Heinz Stiller writes from Berne, Switzerland:

“Mr. Crook’s article fits well within the barrage of doom and gloom press articles about Europe from American and British sources which pretend to analyze problems, but in reality are nothing but expressions of irrational chauvinist Anglo arrogance toward Europe. Britain and the US have been highly successful in one thing: They have turned capital markets into a casino-style gambling system which has taken the world to the brink of catastrophe by having blown up the ”funny money” supply to absurd proportions. By relying excessively on Keynesian economics, they have neglected structural economic policies and almost ruined their respective ”real economy” bases. The internet bubble (already forgotten?), the housing (ABS) crisis, and Lehman -- all nice gifts to the world by our Anglo economic expert friends…

When hares, hunted by dogs, get tired of running away, they sometimes push other hares out of their holes so that these are now hunted by the dogs and they can take a rest.

Anglo coverage of European problems reminds me of this behaviour.

But, as they say, you can’t fool all the people all the time…Europe will not go down the drain, no matter if Greece stays in or not. But in due time, financial markets will center in on the real problem economies of the world, the US and Britain, as these do not even try to tackle their problems.”

Ο ΘΑΝΑΤΟΣ ΣΟΥ Η ΖΩΗ ΜΟΥ

Den enes bröd är den andres död!


From another perspective, The 5 Tests (Telegraph)

Before we lecture others on their tax systems...Jeremy Warner (The Telegraph) 1 March 2012