"How can I know what I think until I read what I write?" – Henry James


There are a few lone voices willing to utter heresy. I am an avid follower of Ilusion Monetaria, a blog by ex-Bank of Spain economist (and monetarist) Miguel Navascues here.
Dr Navascues calls a spade a spade. He exhorts Spain to break free of EMU oppression immediately. (Ambrose Evans-Pritchard)

viernes, 5 de mayo de 2017

Exactamente pienso lo mismo

Paul Krugman:

Politically, Eurocrats got away with this behavior because small nations were easy to bully, too terrified of being cut off from euro financing to stand up to unreasonable demands. But Europe’s elite will be making a terrible mistake if it believes it can behave the same way to bigger players.

Indeed, there are already intimations of disaster in the negotiations now taking place between the European Union and Britain.

I wish Britons hadn’t voted for Brexit, which will make Europe weaker and their own country poorer. But E.U. officials are sounding more and more like a jilted spouse determined to extract maximum damages in a divorce settlement. And this is just plain insane. Like it or not, Europe will have to live with post-Brexit Britain, and Greece-style bullying just isn’t going to work on a nation as big, rich and proud as the U.K.

Which brings me back to the French election. We should be terrified at the possibility of a Le Pen victory. But we should also be worried that a Macron victory will be taken by Brussels and Berlin to mean that Brexit was an aberration, that European voters can always be intimidated into going along with what their betters say is necessary.

So let’s be clear: Even if the worst is avoided this Sunday, all the European elite will get is a time-limited chance to mend its ways.


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