German Adjustment
Krugman, Paul. It has become clear that one of the main forces behind the insistence on austerity as the answer to Europe’s problems is the belief among many German opinion leaders that their own experience in the last decade shows the way. Here’s Josef Joffe: Why [should France emulate] the former German chancellor? Because he […]
Germany’s Neighborhood Watch
El-Erian, Mohamed. On a recent trip to Germany, I was struck by two distinct narratives. One narrative features a robust German economy with low unemployment, strong finances, and the right competitive position to exploit the most dynamic segments of global demand. The other narrative describes an economy that is encumbered by never-ending European debt crises […]