Germany

While most people are tuned in to the failure of the ruling coalition in Germany to get their man Christian Wulff elected president, there are other more important numbers out today. Unemployment in Germany fell to 7.5% in the last month.…

I am going to take the German side of the argument on the euro zone’s need for fiscal consolidation. It’s not that I like wearing a hair-shirt. Hardly. It’s because the Europeans have no other choice if they are to avoid higher interest…

Paul Krugman has it right when he says this: I hold no brief for weak financial regulation in America. But it’s a bad sign that Germans still think of this as a made-in-America crisis. The truth is that the European housing bubble was…

German daily Die Zeit published comments from an interview with famed US hedge fund investor George Soros who was sharply critical of German economic policy.  Soros claimed that Germany was "isolated" in its austere…

Must-read The German Miracle vs. the Welfare State - Ludwig Erhard - Mises Daily English-language links US/China Rhetoric Escalates Over Rise in Chinese Exports « naked capitalism The Essence of Pleasure : The Frontal Cortex…

Topic of the Day - Germany: austerity, social unrest, protectionism and gold bunkers Schwere Krawalle in Berlin: Zehntausende protestieren gegen Sparpaket | FTD.de Krisenanlage: Banken bauen Goldbunker | FTD.de FT Alphaville -…

Must-read: Spain and German austerity The World from Berlin: Merkel's Austerity Program Is 'Faint-Hearted and Unbalanced' - SPIEGEL ONLINE - News - International BBC News - German cabinet backs Merkel fiscal austerity plan…

Highlights The US dollar is broadly weaker today as is the Japanese yen as the latest bout of market anxiety eases.  News that China indicated that it is not planning on selling its European bond holdings helped the euro recover…

Here are two stories that I have picked up on in the last hour that demonstrate how contagion spreads during a panic. Both stories involved the strongest of actors within the Eurozone. The first story is from Spain. The Wall Street Journal…

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