German Chancellor Angela Merkel is facing a storm of protest at home after yielding to EU calls for radical action to shore up Spain and Italy, raising doubts over her ability to implement the package.The noise I hear around the USA is that Keynesians would prefer a dictatorship of the elite. Citigroup Buiter just made this veiled threat when he demanded more blood from the German middle class.
Sunday, July 24, 2011
Next stop:A Keynesian call for German Fascism
Angela Merkel faces revolt in Germany over rescue deal
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