“Would he ever consider buying a foreign car? Too polite to say no, Schlüter gave a slightly apologetic smile. After decades of industrial neglect and regional decline, Britain has a long way to go before such popular pride in homegrown products goes without saying”, Julian Coman reports. This story captures some of what it should mean to be German.
However, given the current state of the Eurozone, Germany’s outlook might not be so bright after all.
“When the ants and the grasshoppers are distributed across the division separating surplus from deficit nations within a badly designed monetary union, the stage is set for a depression that sets all against all in a vicious spiral from which only losers can emerge.” Yanis Varoufakis explains why he thinks that countries in the euro zone can neither bail out nor be bailed out of the current crisis.
“Oil and the dollar were the real reasons for the attack on Iraq, with weapons of mass destruction as the public reason now exposed as woefully inadequate.” A disturbingly coherent explanation put forward by John Chapman.