Comments on: Europe’s leadership deficit http://blogs.reuters.com/felix-salmon/2011/11/08/europes-leadership-deficit/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: KenG_CA http://blogs.reuters.com/felix-salmon/2011/11/08/europes-leadership-deficit/comment-page-1/#comment-32875 Tue, 08 Nov 2011 21:57:42 +0000 http://blogs.reuters.com/felix-salmon/?p=10980#comment-32875 “Europe’s” leadership deficit? What about ours? Not only do we have a bigger leadership deficit, but we have bigger trade and budget deficits, too. Do lots of deficits make us a deficient nation? If we’re a deficient nation, can we still be considered great, just because we have low taxes? And if that’s the only criteria for greatness, isn’t Greece great also, as I hear they have low taxes?

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By: Auros http://blogs.reuters.com/felix-salmon/2011/11/08/europes-leadership-deficit/comment-page-1/#comment-32873 Tue, 08 Nov 2011 20:59:06 +0000 http://blogs.reuters.com/felix-salmon/?p=10980#comment-32873 Surely part of the reason Lula was able to succeed was precisely that he had credibility with the populist left, and maintained it by continuing to invest in some social-democratic institutions. The right’s hostility to anything that gives a hand up to the working poor is self-defeating.

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By: Chris08 http://blogs.reuters.com/felix-salmon/2011/11/08/europes-leadership-deficit/comment-page-1/#comment-32866 Tue, 08 Nov 2011 17:16:18 +0000 http://blogs.reuters.com/felix-salmon/?p=10980#comment-32866 Or to be brief about it, too many cooks spoil the broth.

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By: right http://blogs.reuters.com/felix-salmon/2011/11/08/europes-leadership-deficit/comment-page-1/#comment-32862 Tue, 08 Nov 2011 16:50:29 +0000 http://blogs.reuters.com/felix-salmon/?p=10980#comment-32862 I’m not sure about your history here… Lula was elected president at the end of 2002. Much (though not all… obviously Argentina played a big role) of Brazil’s problems before that were caused by the market freaking out about the likelihood of him becoming president. All he did was continue the path of his predecessor, the uber-technocratic FHC, and that calmed everyone down.

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By: Foppe http://blogs.reuters.com/felix-salmon/2011/11/08/europes-leadership-deficit/comment-page-1/#comment-32861 Tue, 08 Nov 2011 16:44:07 +0000 http://blogs.reuters.com/felix-salmon/?p=10980#comment-32861 I shall not dispute your stylistic points, but I find it a pretty risible suggestion that Papandreou will be more disconnected from “his constituents” than any successor will soon turn out to be. The current Finance minister is at least as beholden to foreign/banking interests, while ND is the party that did the most to get Greece into this mess. Basically, their party system is as defunct as the US system is.

The problems facing the Eurozone are fairly nicely summarized by the graphs in this link: (http://www.nakedcapitalism.com/2011/11/ the-eurozone-vendor-financing-scheme.htm l); and it should be obvious that nothing is being done to address those imbalances. Simultaneously, focusing on a (putative) lack of “forcefulness” is only to distract from the underlying issue: namely that there is no way for Greece to reinvent itself that will allow it to become a functioning (let alone “competitive”) member of the Eurozone.

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