Guest Post:
Germany benefited most from the €?
September 11th, 2011
Against the background of the debt crises of some EMU member countries to the meeting of the EMU Government on 11 March and the end of March EU summit intended to adopt new institutional pillars for stabilization of the euro and the European Monetary Union. But what kind of decisions be? Fear is that there is ultimately only an increase in the so-called “euro rescue package” entails that it is not possible to adopt a strategy incentive compatible excessive debt crises and that the transition to a transfer union is more likely. Readmore…
“When everyone is responsible for everything, nobody responsible for anything.”The current calm is deceptive . It's the calm before the storm. The problems of the euro are not resolved. It threatens monetary policy further heavy seas. A few hasty corrections Brussels deep in the night will not help. 
Against the logic of balancing identities not can do much: over-indebtedness situation is entered, it can be either the debtors to help avoid a bankruptcy, or take a debtor bankrupt in purchasing and helping creditors to avoid bankruptcy, or you take the risk of bankruptcy of debtors and creditors in purchasing and the cost of the resulting collateral damage. 
“Among the four major business models that exist in the EU, only the Nordic and the Anglo-Saxon model efficiently, but only the former may connect with equal efficiency.”The economic mainstream was the global financial crisis is a typical Keynesian accident. Financial institutions had gambled in the financial bubble burst, panic spread, all fled in liquidity.