Daily Archive: Monday, March 12, 2012

Market Should Be Assured by Debt Deal: Greek Minister

Yes, assured that taxing bond holders works to lower deficits. That is, their public debt is sustainable after the PSI bond tax. If anything, seems to me this kind of talk serves to keep investors away from any euro zone member debt. Market Should Be Assured by Debt Deal: Greek Minister By ...Read More

Euro zone deficit hawks out in force

Says it all: Schaeuble Says Deficit Spending Backers Have ’Learned Nothing’ (Bloomberg) German Finance Minister Wolfgang Schaeuble said that deficit spending is the wrong way to bolster economic growth. People who believe you can generate growth without pursuing budget consolidation have “learned nothing from the experience of the crisis,” Schaeuble said in ...Read More