In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘real economy’

Bond Insurance Could Contain the Debt Crisis

Posted by seumasach on October 11, 2011

Curbing speculatives attack is the first line of defence against the war being conducted against the Euro by Anglo-American finance. With regard to budget deficits it is notable that the emphasis always falls on cuts as if there weren’t two aspects: expenditure and revenue. Through wealth creation, the reconstruction of the real economy, revenue increases. This has to be the long-term focus of European policy.

Walter Otremba


11th October, 2011

Walther Otremba, 60, served successively as a senior official in the German economy, finance and defense ministries. He retired in March. He has written a guest commentary in SPIEGEL explaining his idea for a state credit insurance system that could help to tackle the euro crisis.

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