{"id":26514,"date":"2024-07-13T11:19:54","date_gmt":"2024-07-13T09:19:54","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=26514"},"modified":"2024-07-13T11:19:54","modified_gmt":"2024-07-13T09:19:54","slug":"the-return-of-sick-man-of-europe","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/neoliberalism\/the-return-of-sick-man-of-europe","title":{"rendered":"The return of sick man of Europe"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"26510\" data-permalink=\"https:\/\/michelsanti.fr\/en\/neoliberalism\/the-return-of-sick-man-of-europe\/attachment\/gsrabmbxgaa9iu6-2\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?fit=1900%2C1073&amp;ssl=1\" data-orig-size=\"1900,1073\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"GSRaBmbXgAA9Iu6\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?fit=300%2C169&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?fit=1024%2C578&amp;ssl=1\" class=\"alignnone size-full wp-image-26510\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?resize=1170%2C661&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"661\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?w=1900&amp;ssl=1 1900w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?resize=1024%2C578&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?resize=768%2C434&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?resize=1536%2C867&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/07\/GSRaBmbXgAA9Iu6.jpg?resize=1200%2C678&amp;ssl=1 1200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>In an environment where the German economy is extraordinarily energy-intensive, while the dogmatic policies of the Greens dramatically penalize all economic actors, company bankruptcies are reaching record and frightening levels in a Germany that is literally on the path to deindustrialization.<\/p>\n<p>&nbsp;<\/p>\n<p>Merkel will have many accounts to settle with History.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; In an environment where the German economy is extraordinarily energy-intensive, while the dogmatic policies of the Greens dramatically penalize all economic actors, company bankruptcies are reaching record and frightening levels in a Germany that is literally on the path to deindustrialization. &nbsp; Merkel will have many accounts to settle with History.<\/p>\n","protected":false},"author":4,"featured_media":26510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[648941294,648941653],"tags":[],"class_list":["post-26514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-neoliberalism","category-ordoliberalism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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However, they diverge when the profile of the debtor is considered because, while the Austrian school is primarily concerned with public debts, the neo-Keynesians attach much more importance to private sector debts. 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Haven\u2019t you noticed how the bosses of small businesses are ruthlessly pursued \u2013 sometimes to the point of harassment \u2013 while criminal justice scrambles to find legal justifications and motives when\u2026","rel":"","context":"In &quot;capitalism&quot;","block_context":{"text":"capitalism","link":"https:\/\/michelsanti.fr\/en\/category\/capitalism"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.blog\/wp-content\/uploads\/2018\/10\/statue-of-liberty-crying315.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":19759,"url":"https:\/\/michelsanti.fr\/en\/lebanon\/lebanon-a-new-race-of-leaders","url_meta":{"origin":26514,"position":3},"title":"Lebanon: a new race of leaders","author":"Michel Santi","date":"November 20, 2019","format":false,"excerpt":"\u00a0 \u00a0 To understand the events in Lebanon that have taken place over the last month, it is vital to have an idea of the country\u2019s debt structure. In other words: the analysis of Lebanon\u2019s public and private debt allows us to better understand this socioeconomic crisis. In fact, Lebanon\u2026","rel":"","context":"In &quot;Lebanon&quot;","block_context":{"text":"Lebanon","link":"https:\/\/michelsanti.fr\/en\/category\/lebanon"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/11\/5-piastres.jpg?fit=1199%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/11\/5-piastres.jpg?fit=1199%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/11\/5-piastres.jpg?fit=1199%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/11\/5-piastres.jpg?fit=1199%2C600&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/11\/5-piastres.jpg?fit=1199%2C600&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":21839,"url":"https:\/\/michelsanti.fr\/en\/china\/china-is-folding-under-the-weight-of-its-own-contradictions","url_meta":{"origin":26514,"position":4},"title":"China is folding under the weight of its own contradictions","author":"Michel Santi","date":"January 3, 2022","format":false,"excerpt":"\u00a0 The gap between the US and China remains wide, with China\u2019s GDP still at only 70% of America\u2019s. Evidently, China\u2019s economic progress has been spectacular, and in this light the 14 trillion dollars that make up China\u2019s aggregate product is nothing short of a miracle compared to the state\u2026","rel":"","context":"In &quot;China&quot;","block_context":{"text":"China","link":"https:\/\/michelsanti.fr\/en\/category\/china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/12\/Chine-Xi-jinping-baisse-pauvrete-empeche-lexplosion-inegalites_0.jpg?fit=729%2C469&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/12\/Chine-Xi-jinping-baisse-pauvrete-empeche-lexplosion-inegalites_0.jpg?fit=729%2C469&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/12\/Chine-Xi-jinping-baisse-pauvrete-empeche-lexplosion-inegalites_0.jpg?fit=729%2C469&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/12\/Chine-Xi-jinping-baisse-pauvrete-empeche-lexplosion-inegalites_0.jpg?fit=729%2C469&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13730,"url":"https:\/\/michelsanti.fr\/en\/germany\/a-germany-living-on-borrowed-time","url_meta":{"origin":26514,"position":5},"title":"A Germany living on borrowed time","author":"Michel Santi","date":"February 18, 2017","format":false,"excerpt":"The narrow-minded attitude of the Germans with regards to austerity, currency and money in general is totally counterproductive in Europe\u2019s current situation. There is nevertheless one certainty: they are sincere! In fact, Germany\u2019s behaviour can only be understood in relation to its at the very least tormented history. Wasn\u2019t bread\u2026","rel":"","context":"In &quot;Germany&quot;","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/26514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=26514"}],"version-history":[{"count":1,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/26514\/revisions"}],"predecessor-version":[{"id":26515,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/26514\/revisions\/26515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/26510"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=26514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=26514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=26514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}