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Merkel attacks British economic model

The Italian daily Corriere della Sera comments on the interview German Chancellor Angela Merkel gave to the British Financial Times on the decline of the Anglo-Saxon economic model: "Angela Merkel must have had several motives for declaring the failure of the Anglo-Saxon model for regulating financial markets and for reclaiming a larger role for the Euro zone. [Among them] domestic considerations and a desire to keep the populism of the new Left under control, ...the plebiscite in Ireland, intended to show that Europe is not in the tow of America - and market growth in general. The debate is both a heated one and rather premature, since there are no common strategies. The model of authoritarian capitalism - pursued by China or Russia, for example - constitutes a great temptation, since it apparently achieves the goals of market growth more rapidly than the liberal democracies. The traditional connection between freedom and a market economy seems no longer to be able to stand the test of reality. ... The temptation posed by authoritarian capitalism, however, only applies to aspiring economic powers, but surely not to ours, which at least in Europe operate using advanced social models. There is much at stake in denouncing the Anglo-Saxon model, and Frau Merkel may have gone a bit too far, especially seeing as no-one has yet come up with a better recipe.”

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Więcej z przeglądu prasy na temat » Polityka UE, » Polityka gospodarcza, » Europa, » Ameryka Północna, » Cały świat
Wszystkie dostępne teksty » Franco Venturini

» Cały przegląd prasy z dnia Czwartek, 12. Czerwiec 2008