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The German Plan Part 1: Hollow Out Western Europe. The German Plan, Part 1: Hollow Out Western Europe. The German Plan Part 4: The Bailouts. Austria: Foreign Dependence. The German Plan Part 4: The Bailouts. Spain is more of a mixed bag.
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The German Plan, Part 1: Hollow Out Western Europe
The German PlanPart 4: The Bailouts Austria: Foreign Dependence
The German PlanPart 4: The Bailouts Spain is more of a mixed bag • Separatist regions demand their own tax (and spending) control • Half the banking sector is moribund – rescuing it would raise national debt to ~70% of GDP • Long-term growth prospects too poor to catch up with rising debt • Default unavoidable, but not imminent