Popular Posts
- CHINA / VIDEO : Dissident Artist Ai Weiwei Releases Critical Funky Rock Video.
- BRASIL : Dilma Wins Port Privatization Approval From Congress.
- ITALY : Ruby Heartstealer Testifies About Bunga Bunga Parties at Milano Trial.
- COSTA RICA / PERU / COLOMBIA : 17 May UPDATE : 2 More Aides Resign After Prez. Chinchilla Comes Under Fire For Free Flights On Alleged Narco Jet; Key Minister Resigns Over Flight From Bogus Person.
- UKRAINE : Thousands Protest In Kyiv For Yulia, Against Yanukovych; Some Injured In Clashes.
- VENEZUELA : Caracas Gets Some Toilet Paper Relief; Opposition TV Channel Globovision Surrenders; Maduro Befriends Empresas Polar.
- VENEZUELA / CUBA: Opposition Exposes Chavista Turmoil With Silva Tape.
- BOLIVIA : La Paz Pension Protest Turns Violent On 11th Day.
- TEXAS / USA / IMAGES : 6 Dead, 200 Homes Damaged After 16 Tornadoes Ravage Granbury, Cleburne.
- CANADA / MEXICO / CHILE : Former BC Woman Cop Murdered In Playa Del Carmen; Barrick Gold Fined $16 Million For Pascua-Lama, May Suspend Mine.
27 February 2010
EUROZONE: Blaming Slow Growth...On Frugal Germans.
WASHINGTON POST/ A new hypothesis for the EU's debt crisis is growing popular among some economists. They say that frugal Germans are to blame for the slow growth in the Eurozone. They point out that a big part of economic growth in Germany was fueled by spending in Greece, Spain, Portugal and other European nations after they adopted the euro. The solution is additional consumption and less saving; that if Greece needs to slash spending to restore the Euro, then Germans must buy more of what their neighbors make.
