This is what the Brits call "spot-on," well, almost: Soros on EU economic reform

"This is what the Brits call "spot-on."Europe's future is not up to the Bundesbank," by George Soros

This is what the Brits call "spot-on," well, almost: Soros on EU economic reform

George Soros

The Bundesbank is also tightening credit at home. This would be the right policy if Germany was a freestanding country, but the eurozone's heavily indebted members badly need stronger demand from Germany to avoid recession. Without it, the eurozone's fiscal compact, agreed last December, cannot possibly work. The heavily indebted countries will either fail to implement the necessary measures or, if they do, they will fail to meet their targets because of collapsing demand. Either way, debt ratios will rise, and the competitiveness gap with Germany will widen.

via Europe's future is not up to the Bundesbank -

Now, I'm not a capitalist. George is, but he's huge on a mixed economy, which is better than a laissez-faire (anarchical) capitalist economy.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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