“As Statists, the French take the epithet sovereign more seriously than the noun debt. They may assess their debt, and nevertheless see it more a partnership of some sort than a liability. All they will insist for is the world market of finance to be disciplined, or regulated, to that effect. While the oceanic nations (and their late 20th century converts, the Germans) think that a debt is to be repaid in one way or the other, either by legal and contractual agreements or — beyond regulatory niceties — by the naked requirements of economic life.”
hmm so far, our statist nation did better than Germany in 2OO9, we had only-3,5% GDP groth, while Germany had 5%
http://www.economist.com/node/13610197?story_id=13610197
and escuse me, The Economist and some in DT don’t praise neoliberalism (european sense) anymore, but statism, like in China, Brazil… as the 21th century new economical miracle
