The Financial Times Deutschland has been obliged to close. Thomas Fricke has written an extremely interesting article over why, entitled:
How Angela Merkel saw off the Financial Times Deutschland
The German chancellor’s failure to implement our financial advice led to the economic crisis that closed our newspaper
This article tells us in plain clear language and plain clear sensible logic, not only why the FTD was obliged to close, but also why the Eurozone has been driven to the brink of failure and perhaps even total collapse.
All along, The Frau, in her stubborn little know all, arrogant manner, has insisted on policies that were bound to fail, and did. On policies that were bound to lead to economic collapse and recession and did. She has consistently preferred to throw billions upon billions of other people’s money down her plughole, in order to stick by her rules, punish, prove she is boss or whatever else, rather than deal with problems rationally and with a modicum of economic sense.
I say “other people’s money” advisedly in that although Germany has supposedly contributed the lion’s share to all these criminally inspired “bailouts”, through the admission of her own Minister and MPs, Germany has made more money out of the crisis than she has put in to supposedly trying to fix it.
It is only now that German industry is beginning to feel the pinch, as it was obvious to anyone with a modicum of common sense, let alone knowledge of basic economics, that it would, that we can hope someone will wake up and shout from the rafters:
The Empress Is Not Wearing Any Clothes!