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(The Local)   Germany's Angela Merkel says she's impressed by young Italian Prime Minister's package.... sadly, it's an economics story   (thelocal.de) divider line 8
    More: Asinine, Angela Merkel, German Football, Boris Becker, price drop, economics  
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488 clicks; posted to Business » on 18 Mar 2014 at 10:19 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



8 Comments   (+0 »)
   
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2014-03-18 09:26:22 AM  
That makes me moist.
 
2014-03-18 09:44:09 AM  
On the bright side, she said he gives better back rubs than Bush.
 
2014-03-18 10:34:35 AM  
I still don't understand how Europe is going to stimulate the EU economy through austerity.  I get that the Italian PM seems to be shuffling things around so that the Italian economy is better managed, but if he's successful it's not going to be because Merkel's got a schtiffy for austerity.

/At least if he's cutting taxes, he's cutting them in places where the revenue that the government isn't taking will result in that money being injected back into the economy by the poor
 
2014-03-18 10:43:45 AM  
Renzi looks kind of concerned XD

Seriously, if Merkel is coming around to the idea that austerity alone won't solve Italy's problems, better late than never.
 
2014-03-18 10:55:45 AM  
Don't mention the "W"
 
2014-03-18 10:56:17 AM  
Not even with Subby's dick
 
2014-03-18 01:42:21 PM  

Mercutio74: I still don't understand how Europe is going to stimulate the EU economy through austerity.


Who is claiming that is the purpose of austerity?
 
2014-03-19 03:45:11 AM  

Mercutio74: I still don't understand how Europe is going to stimulate the EU economy through austerity.


The purpose of austerity isn't to stimulate, it's to allow capital resources that are currently used for inefficient, wasteful production to be reassigned to efficient, profitable production. Deficit spending and "stimulus" keep capital resources tied up in unprofitable ventures that drain the economy; it's a very short-sighted idea.

I understand that politicians won't say this, as nobody can get elected by saying that they plan on letting a crash take its course, but the only options at this point are to let the crash be realized now or postpone it until later and experience a harder crash. The crash, itself, has already happened; "stimulus" is nothing more than sticking your finger into the hole in the dam to keep the dam from collapsing and claiming that you've patched the hole.
 
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