“In counting our billions instead of using them to build, in refusing to accept an albeit obvious loss by constantly postponing any commitment on reducing the debt, in preferring to humiliate a people because they are unable to reform, and putting resentments – however justified – before projects for the future, we are turning our backs on what Europe should be, we are turning our backs on Habermas’ citizen solidarity. We are expending all our energies on infighting and running the risk of triggering a break-up. This is where we are. A eurozone, in which you, my German friends, would lay down your law with a few Baltic and Nordic states in tow, is unacceptable for all the the rest.” ….To my German friends
Dominique Strauss-Kahn
h/t Yanis Varoufakis
"and putting resentments – however justified – before projects for the future"
ReplyDeleteI dont know about this it smacks of "pump priming"... and btw even with "pump priming" you still have to work the pump...
The way it currently works is they get funds identified for "projects" and the "projects" are built but then next thing you know the swimming pool is dried up and the weeds take over the ball fields...
Attention needs to be paid towards establishing and sustaining the leading flow of operational and maintenance spending within the nation (TIP: the NIA framework is NOT the tool for managing this....) ... or the 'projects' soon atrophy and break down...