Category: Euro Crisis 2012

By Nikos Chrysoloras A common narrative in both Greek and international press is that the Greek economy is contracting so sharply because of the ridiculously high taxation imposed by the IMF, over the last two years. Journalists and commentators who support this view do not, obviously, bother to look at data. If they did, they…

By Rainer Emschermann Germany does it again: After two world wars, it is again trying to dominate Europe, this time by forcing the eurozone under its economic tutelage. While it was ok for eurozone countries to buy German products and boost German growth during the last decade, Germany is now refusing solidarity with its customers…

By Ferdi De Ville Even more than other years, ‘to grow’ topped Nicolas Sarkozy’s wish list for 2012. With the French presidential election coming up in late spring, the current president can miss a recession like, let’s say, a hotel maid entering a room at the wrong moment. The wish for growth also scored high…