Around The Net In Ten Posts – Tuesday June 19, 2012

Here is what I am reading: What Part of ‘Austerity Isn’t Working’ Don’t People Get? (Rolling Stone) Austerity, Forced and Unforced (Econbrowser) Quantitative Easing and Fiscal dominance (Mainly Macro) Lost in Recession, Toll on Underemployed and Underpaid (The New York Times) Spanish short-term debt costs reach alarm levels (Reuters) Angela’s Ashes: Could a Slowdown in…

ZEW: Outlook For Germany Drops At Fastest Pace In 14 Years

It is very difficult to have a dry island in a severely over-flooded region. Germany’s economy is strongly dependent upon exports and nearly 44% of her export are to other EU countries. If the economies of EU countries like Greece, Spain, Portugal, Italy etc. get in trouble then to expect that Germany will remain unaffected…