German Politician: Euro Downgrade as American Plot

Posted by John Rosenthal

Standard & Poor’s warning that no less than fifteen eurozone states, including Germany, could lose their AAA credit rating has been met with howls of protest from many leading German politicians. But it was Rainer Brüderle of the ostensibly pro-free market Free Democratic Party (FDP) who had perhaps the most extreme reaction. See my new [...]

A German “Liberal” (Christian Lindner)

Posted by John Rosenthal

The Free Democratic Party (FDP) is supposed to be Germany’s “liberal” party, i.e. in the sense of economically liberal. Does this mean that the party rejects the general bashing of the financial sector that is practiced by all the other major German parties nowadays or even, say, pushes back against it? You be the judge. [...]