Wednesday, November 17, 2010

Deutschland Unter Alles?

It looks like Ireland has jumped to the front of the bread line as its banking system goes into cardiac arrest. Another EU bailout is being discussed. And Germany's position on this? Germany has done all the things that the U.S. has not in dealing with this recession - cut spending, lowered taxes, etc. As a result, its economy is decent, if not sparkling. Other European nations have not been as disciplined. The German public was not happy with bailing out Greece, so you can be pretty sure that Ireland will get an even worse reception. And BTW, Portugal's fall is being openly discussed now too. Et tu, Allemagne?

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