Geschichte könnte man , grob vereinfacht, als Abfolge von Ereignissen verstehen, die diese Welt so oder so ähnlich schon (oft) gesehen hat. Ich vermute, daß die Krise nicht die Ausnahme von der Regel sondern die Regel im Wechselspiel der Gezeiten ist. Sie spühlt neben allerlei Strandgut auch immer Schnäppchenjäger und Glücksritter (ähm Investoren) an die jeweilige Küste, in diesem Fall an die Küste Spaniens. Continue reading
Tag Archives: IMF
Documentary – Catastroika
I post the documentary ‘Catastroika’ here because I think it is important. It is important because what goes on in Greece is not without precedent. It happened before and it will happen somewhere else. It happens for a reason. Continue reading
Greece – First injury then insult
No doubt, Greece is in a precarious situation. Years of easy money, poor economic performance and an appalling level of governmental mismanagement have pushed the country right to the brink of collapse. To get out of this mess won’t be easy. It is going to be a painful journey. Nobody knows that better than the Greeks themselves. They also know that they need assistance. To ask for help is seldom easy and often distressing. The so-called Troika (IMF, ECB, EU) added insult to injury with the way it bullied the Greek government under Lucas D. Papademos into a deal which most economists agree will not work, because it is based on assumptions that are far too optimistic. Greece is expected to grow vigorously by 2014 out of tin air. Continue reading
Ireland – General Elections 2011
This blog now deserves its first proper article. It coincides with the upcoming general election in Ireland on the 25/02/2011. The campaign has just entered its final week. The most likely outcome is a coalition government comprised of Fine Gael (FG) and the Labour Party (LAB). There is also a growing possibility that FG might me able to achieve an overall majority in the next Dáil Éireann (first chamber of the Irish parliament). The once mighty party Fianna Fáil (FF) will fight with Sinn Féin for third place. This would be a landslide in Irish politics. Continue reading
