Germany is the problem

I Do Not Think That Number Means What You Think It Means by Krugman

"What we see is that Italy is somewhat out of line — but the real standout is Germany, which has had much too little wage growth. And this in turn suggests that if we’re looking for the key to European problems, it lies in Germany’s beggar-they-neighbor relative wage deflation — which is indeed a point made by economists like Francesco Saraceno."

Labour Costs: Who is the Outlier? by Francesco Saraceno

Democrats, Rattner and financiers

I Do Not Think That Number Means What You Think It Means by Krugman

What we see is that Italy is somewhat out of line — but the real standout is Germany, which has had much too little wage growth. And this in turn suggests that if we’re looking for the key to European problems, it lies in Germany’s beggar-they-neighbor relative wage deflation — which is indeed a point made by economists like Francesco Saraceno.

Arithmetic Is Very Simple, But It's Still True by Dean Baker

Greece and Rosser

I disagree with Rosser's prediction.

from the NYTimes:

""Creditors are demanding that Greece run a primary surplus of 4.5 percent of gross domestic product. Mr. Varoufakis, however, said Athens would propose to hold the level to 1 percent to 1.5 percent of G.D.P.""

Greece

Europe’s Greek Test by Krugman

Greece’s Feisty Finance Minister Tries a More Moderate Message by Liz Alderman

D-Squared gets trolley on Syriza

Greek games and scenarios by Dan Davies

my response to D-squared and stevejohnson

Wolf Hall

Wolf Hall on Masterpiece Theater starts on April 5th, a week before Game of Thrones.

Tony® Award-winning actor Mark Rylance (Twelfth Night) and Emmy® and Golden Globe® Award-winner Damian Lewis (Homeland) star in the six-hour television miniseries adapted from Hilary Mantel’s best-selling Booker Prize-winning novels: Wolf Hall and its sequel, Bring Up the Bodies. The television event presents an intimate and provocative portrait of Thomas Cromwell, the brilliant and enigmatic consigliere to King Henry VIII, as he maneuvers the corridors of power at the Tudor court. MASTERPIECE brings both of these works to life in Wolf Hall, airing on Sundays, April 5-May 10, 2015 at the special time of 9:55pm on PBS. 

Mark Rylance is Thomas Cromwell, a brutal blacksmith’s son who rises from the ashes of personal disaster, and deftly picks his way through a court where ‘man is wolf to man.’ Damian Lewis is King Henry VIII, haunted by his brother’s premature death and obsessed with protecting the Tudor dynasty by securing his succession with a male heir to the throne. 

Told from Cromwell’s perspective, Wolf Hall follows the complex machinations and back room dealings of this pragmatic and accomplished power broker – from humble beginnings and with an enigmatic past – who must serve king and country while dealing with deadly political intrigue, Henry VIII’s tempestuous relationship with Anne Boleyn and the religious upheavals of the Protestant reformation. 

A historical drama for a modern audience, this unromanticized re-telling lifts the veil on the Tudor middle class and the internal struggles England faced on the brink of Reformation. At the center of it all is Cromwell, navigating the moral complexities that accompany the exercise of power, trapped between his desire to do what is right and his instinct to survive. 

The cast also includes Claire Foy (Little Dorrit) as the future queen Anne Boleyn, Bernard Hill (Five Days) as the king's military commander the Duke of Norfolk, Anton Lesser (Endeavour) as Thomas More, Mark Gatiss (Sherlock) as Cromwell’s rival advisor Stephen Gardiner, Joanne Whalley (The Borgias) as Henry’s spurned first wife, Katherine of Aragon, and Jonathan Pryce (Cranford) as Cardinal Wolsey, the powerful Lord Chancellor who recognized Cromwell’s potential.

Kevin Kline in Dave calls for full employment