Comments on: Europe opens drug front in war on reality Tue, 24 Mar 2015 16:54:45 +0000 hourly 1 By: Lambick Thu, 13 Oct 2011 09:47:47 +0000 Going into Europe, Mr. Saft, is not as easy as it looks. One should make at least some distinctions like Berlusconi (a very distubed man and an Italian, which is really a lot put together), Sarkozy (an odd little man, a politician and a Frenchman, which is a lot put together) and Merkel (etc.), surrounded by underlings like Barroso, Trichet and assorted others, who are permanently hamstrung and made powerless by the word ‘sovereignty’, and one understands that short sellers make an easier target by far. That this might be an assault on anyones intelligence is not something Italian politicians usually worry about.

By: matthewslyman Thu, 13 Oct 2011 06:51:57 +0000 ===”European officialdom” -> “Italian officialdom”.===

Anyone living in Europe knows the difference. Italian politics is a soap-opera.

===European officials have mostly followed three tactics; deny, blame and play for time===

The problem is clearly bigger than you have recognised, Mr. Saft; since American officials are doing the same thing. When are American politicians going to deal with their structural issues, e.g., not bringing in enough tax revenue?

Your last few paragraphs are excellent and very honest. The printing press is probably the key short-term difference between the Federal “Reserve” and the ECB.