Monthly Archives: June 2012

Does anyone really want to leave the Eurozone??? (or the EU, for that matter?)

I drove back from Greece to Austria yesterday. I crossed borders five times, four times thereof with border controls. That meant four times showing papers to exit officials and four times showing papers to entry officials, watching them while they … Continue reading

Posted in Uncategorized | 26 Comments

A new recipe for periphery – export to them free of charge!

From 2007-10, German exports to Greece were about 29 BEUR. Let’s assume, roughly, that for the entire time of Greece’s membership in the Eurozone, German exports were about 100 BEUR. If and when (or only when?) the moment of truth … Continue reading

Posted in Uncategorized | 15 Comments

George Soros – a role model?

I have commented before that Mr. Soros’ claim to fame is that he once blackmailed the British government and — succeded! There is no doubt about the fact that Mr. Soros is an exceptionally brilliant mind and that, once he … Continue reading

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Who gets what in the EU

I have discovered two interesting websites. Funds by Member State: here you can enter search criteria for the years 2007-10. You can inquire which country received/paid how much under which program for which year. European Commission Beneficiaries Report: here you … Continue reading

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Renegotiating the Memorandum

The next few weeks will probably teach us all a thing or two about negotiating strategies and tactics. Right now I would say that either the home team will win or the visiting team, but there won’t be a draw. … Continue reading

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A very simple question (seemingly…)

I have a friend who was born and raised and formed and shaped in the American Mid-West. Common sense pure. We both worked many years for one of the US money center banks headquartered in the Mid-West. For a few … Continue reading

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Beware of professors and other wise men & women!

The intellectual war over which economic policies ought to be pursued (and which other ones are plain stupid) is being won by those wise men and women who consider everyone else plain stupid. Hands down! Whenever the likes of George … Continue reading

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