On Jun 21, 2012, at 3:02 PM, Angelus Novus wrote:
> How about: Angela Merkel is a ruling class thug imposing punishing immiseration upon the European periphery.
Yanis Varoufakis says in an interview that's running on KPFA as we speak, and I'll post to the web in a few minutes, that Germany hasn't woken up to the fact that the nice environment provided for it by the U.S. after WW2 - strong global demand for its high-end industrial products - is over. The U.S. can't be the final source of demand anymore, and Germany has to learn to step into that role in Europe. Its export model is dead, but it's still acting with a shopkeeper mentality.
Doug