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Draghi, Soros, Geithner, Roubini, Calderon, Merkel: In Their Own Words From the WEF on the Europe Crisis Via Bloomberg

19 Responses to “Draghi, Soros, Geithner, Roubini, Calderon, Merkel: In Their Own Words From the WEF on the Europe Crisis Via Bloomberg”

DiranMJanuary 31st, 2012 at 5:25 pm

The biggest idiots are the Euroweenies with their crank ideas, creating this currency union that is a slow-motion train wreck.

Is there is something about Brussels that destroys good brain cells or makes people mad? Do they understand why the Soviet Union and the Rouble zone did not work out and central planning proved a dismal failure?

Perhaps Europeans just do not have good education in economics. How many Europeans have every heard of Irving Fisher or understand anything about debt deflation???

SergioFebruary 3rd, 2012 at 3:57 am

You are the idiot who cannot distinguish between Centralized Planning and the loss of monetary and fiscal sovereignty and centralized planning. I don't know what you have been smoking but there is no centralized planning in the Eurozone. I mean, common dude, do you see the eurozone members getting together to decide what to produce, how to produce it, to pick winners and losers. Do your reasearch before you write bro

BurghdoodJanuary 31st, 2012 at 6:13 am

Why blame Germany for the profligate behaviour of the undisciplined southern members of the EU? Would you keep bailing out your highliving, partying cousins who don't want to work & probably mock your industry; or, are you one of the ne'er do well relatives yourself?

ScottFebruary 6th, 2012 at 11:57 pm

A lot of people in Greece have not benefited from the increased debt and a lot of people in Germany have not benefitted from the exporting to the periphery that created this mess. It's not a matter of blame. If I lend to someone that can't repay me, I'm not very bright. That it's a matter of "discipline" is a massive oversimplification. It isn't as easy as that, otherwise intelligent thinking and solutions would be taking place.

DiranMJanuary 31st, 2012 at 5:30 pm

Germany is a country that defaulted twice the last 100 years. They have a seriously undercapitalized banking system. It just takes one hard sovereign default forcing Germany to abandon its Enron-style accounting rules and to mark their paper to market, and then the state recapitalization will bring the German public debt ratio well over 100% just like the PIIGS.

The Eurozone is being held together by a Ponzi debt scam, based on fraudulent accounting. It deserves to die!

2012 Euro Soccer CupFebruary 3rd, 2012 at 8:28 am

Nathan C. Schaeffer: “At the close of life the question will be not how much have you got, but how much have you given nor how much have you won, but how much have you done not how much have you saved, but how much have you sacrificed how much have you loved and served, not how much were you honored.”

ÜbersetzungApril 6th, 2012 at 10:15 pm

Germany is a country that defaulted twice the last 100 years. They have a seriously undercapitalized banking system. It just takes one hard sovereign default forcing Germany to abandon its Enron-style accounting rules and to mark their paper to market, and then the state recapitalization will bring the German public debt ratio well over 100% just like the PIIGS.

ÜbersetzerMay 4th, 2012 at 11:38 am

Germany is a country that defaulted twice the last 100 years. They have a seriously undercapitalized banking system. It just takes one hard sovereign default forcing Germany to abandon its Enron-style accounting rules and to mark their paper to market, and then the state recapitalization will bring the German public debt ratio well over 100% just like the PIIGS.

The Eurozone is being held together by a Ponzi debt scam, based on fraudulent accounting. It deserves to die!