Don’t Berate Schäuble for Speaking His Mind
The German finance minister isn’t undermining the European Central Bank by criticizing its policy.
The German finance minister isn’t undermining the European Central Bank by criticizing its policy.
The Dutch and Germans worry that “easy money” will discourage countries from reforming.
Media in Germany and the Netherlands are critical of the European Central Bank’s latest policy.
The Germans fear debt purchases will undermine the incentive for structural reform.
Germany accepts investments and stimulus but hasn’t given up on structural reform.
The European Central Bank has alarmed the Germans by doing too much!
It’s hard to be optimistic when central bankers are spending like drunken sailors.
Countries in the eurozone centralize financial supervision. Britain and Sweden are skeptical.
Mario Draghi announces program to quell “unfounded” fears about the euro’s survival.
The Germans are adamantly opposed to the central bank buying peripheral bonds.
Mario Draghi insists Italy and Spain will have to apply for a bailout first.
Mario Draghi appears to open the door to further action to stave off the prospect of the euro’s collapse.
The interconnectedness of European banks and states necessitates closer union.
The time when Europe could afford “to pay everybody for not working” is gone.
Even in the face of sovereign default, there are economists and politicians who won’t recognize that the game is up.