Leestips - Zaterdagbijlage DDSFI 29 juni 2013

U vindt hier de titel (wat direct ook de link is), en de eerste alinea's.

Die Ehre, das Lügen in der Politik offiziell zur Staatskunst erhoben zu haben, gebührt Jean-Claude Juncker. Für die Euro-Rettung hat er die Lüge salonfähig gemacht. Das ist ein machiavellistisches Rezept.

Merkel's verkiezingsprogrammma (pdf).

Omdat het voor Griekenland erg moeilijk wordt de staatsschuld de komende jaren te verlagen naar een acceptabel niveau, moet die schuld de komende jaren nog verder worden afgeschreven. Dat stelt de Duitse topeconoom Peter Bofinger, een belangrijke adviseur van bondskanselier Angela Merkel.

Denial. Denial is safe. Comforting. Religiously and relentlessly abused by politicians who don't want nor can face reality. A word synonymous with "muddle through." Ah yes, that "muddle through" which so many C-grade economists and pundits believe is the long-term status quo for the US and the world just because it worked for Japan for the past three decades, or, said otherwise, "just because." Well, too bad. As the following absolutely must read report, which comes not from some trader of dubious credibility interviewed by BBC, nor even from an impassioned executive from a doomed Italian bank, but from consultancy powerhouse Boston Consulting Group confirms, the "muddle through" is dead.

Der Ökonom Max Otte plädiert für einen Schuldenschnitt in Griechenland und sieht die Einführung des Euro als Fehler. Der britische Wirtschaftshistoriker Harold James hält im Gespräch mit Handelsblatt Online dagegen.

Op telefoonopnames is te horen hoe lachende Ierse bankiers de staat voorliegen over hun benodigde staatssteun.

German conservatives have long been passionate supporters of increased European integration. But lately, Chancellor Angela Merkel has applied the brakes to the process. Brussels, she believes, has become part of the problem.

Germany’s Constitutional Court is preparing what might become the most important decision in its history. Last September, the court allowed the German government to sign the Treaty Establishing the European Stability Mechanism (ESM), the eurozone’s permanent intergovernmental rescue facility. Now, however, it may try to stop the European Central Bank’s so-called outright monetary transactions (OMT) program (the ECB’s pledge to buy, without limit, the government bonds of troubled eurozone countries that subject themselves to the ESM’s conditions).

Why has quantitative easing coexisted with price stability in the United States? Or, as I often hear, “Why has the Federal Reserve’s printing of so much money not caused higher inflation?”