Posted on 11/29/2014 5:01:05 PM PST by Olog-hai
A top level economic report on Thursday urged European heavyweights France and Germany to implement urgent economic reforms, warning that Europe risked falling into a “stagnation trap”.
“In France, we fear lack of boldness for decisive reforms. In Germany, we fear complacency,” said the report, drawn up by two leading economists for the French and German governments.
In a hotly-awaited set of proposals to jumpstart the traditional Franco-German motor that drives the European economy, Henrik Enderlein and Jean Pisani-Ferry concluded: “France and Germany spend a lot of time on joint declarations and initiatives. We miss action.” […]
“We think the German government can and should increase public investment,” wrote the economists. …
(Excerpt) Read more at thelocal.de ...
France should fear Islamist immigration and abortion more than anything. I fear France is already dead.
Why are communists always top economists?
In Europe, they seem to be the only ones about.
In a sane world, “communist” and “economist” are antonyms.
What the communists are really saying is that Germany should bail out the rest of the EU (note: communist controlled France is dead, they just haven’t been told officially).
That’s a setup. Ultimately, Germany does not mind “bailing out” (read: lending to) the rest of the EU so long as it can set draconian terms like with the last set of “bailout” loans. Remember, the ends justify the means for the social market economy too.
Bold = a lot more public spending
Germany has to bail out the rest of EU (e.g., Greece) to keep its own economy going. Because Germany relies heavily on exports, it is in real trouble if countries like Greece can’t buy Germany’s exports.
No they did not. The “bailout” loans were political power plays.
Besides, isn’t that an indication of the real intent of the social market economy? Manipulating captive markets?
because communists are obsessed with money and economic “equality” and power and etc., etc.
unfortunately, it is not a sane world we live in . . .
It seems that almost the entire Euro-American civilized world has all gone daffy at the same time.
> increase public investment
Yeah, because that worked out so well for Greece.
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