Comment, analysis and other offerings from Tuesday's FT, Gideon Rachman: Germany faces a machine from hell The press review from around Europe does not make pleasant reading for the German foreign ministry these days. The Greek papers are not much better, says the FT's Gideon Rachman. Paul Volcker: Foreign critics should not worry about "my" rule I confess total surprise about the complaints by some European and other foreign officials about the restrictions on proprietary trading by American banks embedded in the Dodd-Frank Act - now dubbed the "Volcker" Rule, writes the rule's author, Paul Volcker, the former chairman of the US Federal Reserve. Willem Buiter: Greece far from safe even after debt swap On Sunday night, as Athens burned, the Greek parliament voted to approve an omnibus bill. Was this a "make or break" moment for Greece, asks Buiter, chief economist of Citigroup? Jeffrey Sachs: An American budget for the rich and powerful President Barack Obama's budget for 2013 will set off a vitriolic battle, notes Jeffrey Sachs, director of the Earth Institute at Columbia University and author of "The Price of Civilization." Philip Stephens: The coalition is prescribing bad policy and worse politics Good policy can make for bad politics. Sometimes the dynamics are the other way round, says the FT's Philip Stephens. Editorial comment: China's debt bill When Beijing unleashed its titanic stimulus in 2009, the priority was to funnel money into the provinces at top speed to power the post-crisis recovery. Lex on the carbon market A few little things separate a gold medal sprinter from an also-ran. This entry was posted by Izabella Kaminska on Tuesday, February 14th, 2012 at 7:46 and is filed under Uncategorised.