…is that what´s bad about America can be overruled by what´s good about America. I recommend that you read this article on how the Obama admin is changing the pro-torture policies of the Bush admin.
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Posted on Micro | 1:19 am
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Yes, it is incredible, I think is a right move.
Imagine in Spain that Aznar released documents about Gonzalez’s GAL?? I don’t… 
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This is the year in which Europe will either fall apart or emerged stronger. I give it 75% that it emerges as a stronger union but the risk of collapse is still there. Germany has the key to solve the problem because of the size of its economy, its saving rate and its export volume. Germany has to decide on whether it continues to transfer some of its wealth in order to create markets for its exports or it let’s Europe fall apart and ends up with an overvalued currency and deteriorated markets. Already today it started paying negative interest rates which is a prelude in my view to a huge rise in the DM should it be born again. Tough choice. I think Germany can actually both save Europe and make money by buying underpriced Italian and Spanish bonds and selling them after stabilization. It can do what the FED did with many financial institutions, make a profit by providing much needed liquidity at a critical time.
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From Europe versus America | Paralysis blog - March 3, 2009 6:55 pm - #
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