This is a belated commentary for Friday. I have a lot of links on the global growth slowdown today but I covered this earlier saying Weak global economic data signal likelihood of global recession. I wanted to highlight Marshall Auerback's post on gold remonetisation as he picked up on a theme about what the SPD and Greens are saying in Germany I discussed last week in "Germany: Merkel faces domestic political hurdles on fiscal pact". Specifically, it's the Maastricht-compliant carve out I discussed that the SPD and Greens are pushing in order for Merkel to get a Bundesrat sign off on the fiscal compact.
Marshall's post was a bit more specific than the information I had at the time of my writing. Here's what I said last week:
Maastricht compliant carve out. The Green pa...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.