No dearie, no

The German chancellor, Angela Merkel, has warned that the year ahead will \”undoubtedly\” be harder than 2011 in the starkest of a series of downbeat messages from European leaders dominated by fears over the economy.

Merkel said Europe was experiencing its \”harshest test in decades\” but would ultimately be made stronger by the crisis.

It\’s only that which does not kill you that makes you stronger.

5 comments on “No dearie, no

  1. Liquidationist arguments have always been “kill or cure”. Historically “kill” has happened much more often than “cure”, but “this time is different”, innit?

  2. In order to remain fixed in an unsuitable currency regime, state spending is being cut, companies will go bankrupt, taxes will be increased, borrowing rates will remain sky high and the financial sector will be knobbled. The result of which will be a glorious future.

    Was Ms Merkel educated at the same school as the dearly departed Kim Sun Il?

  3. I believe that a (sometimes) more appropriate saying is “that which does not kill you has made a tactical mistake…” (Seven Habits of Highly Effective Pirates, rule ?)

  4. Frances Coppola – “Liquidationist arguments have always been “kill or cure”. Historically “kill” has happened much more often than “cure”, but “this time is different”, innit?”

    I am not sure that is true. It is hard to kill an economy. It is also hard to break bad habits such as high inflation or unrealistic wage demands. But recessions can and do cure such delusions without necessarily killing the patient. Reagan and Thatcher both did so. Others have tried but the cure was too much and so quit. Chile for instance. It would be hard to think of anyone who followed this logic right into the ground. And I do not expect Europe will either.

    2 Serf – “Was Ms Merkel educated at the same school as the dearly departed Kim Sun Il?”

    Ummm, I think you may find that the late Beloved Leader does not belong to that school of thought. He belongs to the “spend as if it does not matter” school.

    4 Ed Snack – “I believe that a (sometimes) more appropriate saying is “that which does not kill you has made a tactical mistake…” (Seven Habits of Highly Effective Pirates, rule ?)”

    I think it was Machiavelli who said that a thrust that does not kill a man often proves fatal (in that he will kill you).

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