Expanding the Legacy
Expanding the Legacy
A prolific writer, publishing some sixty books over a career spanning four decades, German philosopher Peter Sloterdijk recently celebrated his seventieth birthday. Europe’s leading intellectuals and academics flocked to Mr Sloterdijk’s native Karlsruhe to pay tribute. Chancellor Angela Merkel chipped in with a congratulatory letter praising Germany’s most controversial thinker for his contributions to culture.
As the Greek debt crisis inches to its climax, the euro’s guardians soften their tone of voice; not quite so sure any longer that contagion – and financial Armageddon – may yet be avoided. Over the past few weeks, the assurances that Europe will be fine, should Greece decide to drop out, have been gradually replaced by appeals to common sense.
After the Hellenic parliament on December 29 failed to elect a president in a third round of voting, triggering a constitutionally mandated snap election, yield on the benchmark ten-year bond jumped to over 9.7% (from its summer low of 3.5%) whilst shares on the Athens Stock Exchange plunged on average 11%.
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