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2012-04-13

Suddeutsche Zeitung, a paper that is liberal politically but hardline orthodox on economics, blames speculators

We are not relaying the story because it adds anything new to the debate. But it is a good example of the narratives German journalists are creating, which in turn influence the political debate.

Suddeutsche Zeitung, a paper that is liberal politically but hardline orthodox on economics, blames speculators for the most recent increase in peripheral yields.

 The article, which convolutes the usual “he-said, she-said” type news reporting  with commentary, says the best way to react to the increase in yields is to stay calm.


Our personal favourite is the discussion whether the rise in yields was the result of a speculative attack. The article concludes that it is probably a “power battle”, and some irrational exaggeration.

(With this type of news reporting one should not be surprised that policy makers act the way they do. Asking Angela Merkel to stay calm, however, is probably a first.)

Eurointelligence 13 April 2012

http://www.eurointelligence.com/

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