Last year, the US government made the right decision in letting the Lehman Brothers go belly up. ++ Lehman’s crash stated an example, that the banking house cannot count on government aid at any price. ++ As long as bank managements can trust on taxpayers’ money they have no incidents to minimize risks, thus, in order to limit risks, banks should provide henceforth more equity and assets. ++ To
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President Obama’s “deferential diplomacy” cannot surmount fundamental transatlantic differences, as exemplified by the failure of a wider fiscal stimulus. ++ Demographic patterns dictate policy responses to the economic crisis. ++ The aging European countries, faced with a sooner “fiscal meltdown,” guard against debt increase due to the stimulus packages. ++ However, it is the “G2 of China
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