Friday, August 5, 2011

What should the German middle class do?

They are getting stuck with the costs,  what is their demand?

Let Greece go, and put Germans on the Greek boards.  Start a small  micro finance intended to stimulate the reliability of the Euro as street cash.  Give the bond holders a share of Greek banks. Negotiate a European wide bankruptcy  of pensions.  The Germans should subsidize the micro finance for a while, sort of a loss leader. The Greek government can do what it wants as long as it is paid from taxes.

Fair deal.

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