Gedankonomist

The Eurozone's Winter of Discontent Approaches Shakespearean Proportions

How is it that Deutsche Bank and Commerzbank are sinking and yet the blame is placed on the poorer EU states?

I'm surprised Merkel was from the DDR. Since she went to school there, she must have been a member of the Communist party (otherwise you don't go to school, you go work in the factory).

But Merkel is right about the idea of nations going bankrupt.

I'd say that's more of an "Austrian school" philosophy than a Marxist one. After all, Marx would favor EU expansion and a socialist world government. And that is exactly what the EU is a building block for.