Italy's 10 year bond rate past 7% again ...

[AtW]

The big mistake in the 1930's was protectionism not the austerity.

That's a load of BS.

The biggest mistake of the 30s was having Hitler in power.

[sasguru]

The Germans are indeed following through on the 1930's austerity policy because it worked. The reason they went for austerity was because the inflationary policy failed miserably. The coalition introduced a new currency and went for austerity, by 1933 Germany was recovering, and Hitler's support at the polls was beginning to dwindle. It wasn't Hitler that got he economy going it was the austerity measures beforehand that created the conditions for a new boom; hence the reason why Germans now go for austerity.

You can check through history, austerity budgets always set the scene for a boom.

The big mistake in the 1930's was protectionism not the austerity.

Absolute codswallop.

Bruning's austerity was so unpopular that it led directly to him being dropped and the conservatives letting Hitler in, thinking they could control him

You know BB, your lack of education or brains really shines through.

[eek]

Absolute codswallop.

Bruning's austerity was so unpopular that it led directly to him being dropped and the conservatives letting Hitler in, thinking they could control him

You know BB, your lack of education or brains really shines through.

Sas,

you really should not discourage him. I need BlasterBates and a few others on here.

I listen to their opinions and then compare them to may own. If they match in any way I then check the basis of my opinions and change my opinion.

[sasguru]

Sas,

you really should not discourage him. I need BlasterBates and a few others on here.

I listen to their opinions and then compare them to may own. If they match in any way I then check the basis of my opinions and change my opinion.

True that.
I used to think BB was a troll, but then I realised being a complete dunce was the more plausible explanation for why he keeps posting utter crap.

[BlasterBates]

Sas,

you really should not discourage him. I need BlasterBates and a few others on here.

I listen to their opinions and then compare them to may own. If they match in any way I then check the basis of my opinions and change my opinion.

The Euro was a mistake. I think it's highly probable that the Euro will fail.