Schauble on the European Recovery Post author By Philip Lane Post date September 17, 2013 FT oped here. Categories In Uncategorized 13 Comments on Schauble on the European Recovery ← Privacy and Data-Based Research → Dani Rodrik on the Eurozone crisis 13 replies on “Schauble on the European Recovery” http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-04092013-BP/EN/2-04092013-BP-EN.PDF Recovery? He sounds like George Osborne claiming responsibility for an economic miracle propped up by Central Bank generosity to speculators. I know I should’t have, but I had to chuckle once or twice while reading the following: http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100025568/my-grovelling-apology-to-herr-schauble/ He says the system is being fixed. Reminds me of this: http://www.northernsun.com/0151.html “The system isn’t broken. It’s fixed.” @Kevin O’Rourke I know I should’t have, but I had to chuckle once or twice while reading the following: Why be ashamed? AEP can make fun of the current EU economic policy making apparatus and the current flavour of EMU because it is laughable, and he sounds more sympathetic to the plight of Europe’s unemployed than anyone in the current EU economic policy making apparatus because he is (and he barely cares at all). The really shameful thing is that a Tory conspiracy theorist and unapologetic reactionary still seems more rational and humane than most of the people responsible for setting European economic and monetary policy. I’m not ashamed Shay: it’s a polemical rant, but what a glorious and articulate rant it is; and I basically agree with just about everything he says. I always check AEP out, and I agree: how bizarre that a British Tory is articulating views on macroeconomic policy that should really be coming from Europe’s thoroughly useless left, but isn’t. @KOR Europe’s left no longer represent Europe’s left out. German youth unemployment is 8%. Presumably this rate is the EZ average since he didn’t mention it. There seems to be a lot of elite credibility riding on the assumption that the risk off wolf has been shot. Here’s another European recovery that was quite expensive and didn’t bring things back to the original plan http://www.theguardian.com/world/video/2013/sep/17/raising-costa-concordia-timelapse-video @ Seafoid Youth unemployment in the Eurozone is close to 25% I think. So much higher than the German rate. sar·casm /ˈsärˌkazəm/ Noun The use of irony to mock or convey contempt. Synonyms irony Greek anti fascist singer murdered in Athens by ultra right wing thug linked to Golden Dawn party. Some recovery going on there. @ Carson He left a lot out. Comments are closed.