10-01 :: January 2010
nanotimes
53
Trends / Quotes
“The EU could and should show support for the honesty
and integrity of Greece‘s government and its efforts not
only to bring the budget under control, but to increase Imprint
transparency of the entire budgetary framework and to
reduce corruption. The EU can go further: institutions like
the European Investment Bank should undertake coun-
tercyclical investments in the country, to offset the defla- ISSN 1863-9771
tionary impacts of the budget cuts. Europe should show EDITOR-IN-CHIEF: Thomas Ilfrich (ti)
that it will stand behind Greece, much as the IMF provides AUTHORS: Gina-Violetta Kunert (gvk), Joana
support funds for developing countries.” Heinemann (jh), Annette Barchanski (ab)
Joseph Stiglitz, In: guardian.co.uk, ART DIRECTOR & PICTURE EDITOR:
January 25, 2010 Medienatelier Berlin, D. Paelchen
GRAPHICS EDITORS & ILLUSTRATIONS:
“The American deficit worries me less than the Euro- K. Pincus, T. Gilke
pean national debt. Many analysts consider the United
States to go downhill in the next three years. But these PUBLISHER: IVCON
people are mistaken. Americans have many children Mauschbacher Steig 20, 13437 Berlin, Germany
that are mainly well educated, and they are particularly phone: +49 (0)30 48 49 27 74
open for structural change. The Americans will google fax: +49 (0)30 48 49 29 76
themselves ahead. They may not always have the grea- e-Mail: info@ivcon.net
test ideas, but they are the ones who turn the idea into a web: http://ivcon.net
product.” http://www.nano-times.com
Norbert Walter, Deutsche Bank Chief Economist,
In: Interview, Welt am Sonntag, December 27, 2009 © 2010 by IVCON All rights reserved.
“It will be up to the EU as a whole to decide whether
Greece sinks or swims. They should let it drown. The
truth is that the Greeks cheated their way into the single
currency. Once inside, they fleeced the bond markets
to pay for a corrupt and extravagant public spending
binge. The best thing the EU can do now is let Greece
go broke, and let the bond markets suffer the losses. To
rescue the country would threaten the euro itself. After all,
if every government that fiddles its books and borrows far
more than it can afford gets a blank cheque from Brussels,
the euro will quickly descend into a joke currency.”
Matthew Lynn: Europe needs Greece to go
bankrupt, In: The Weekend Australian, Jan 16-17,
2010, p.13.
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