March 16, 2010

Why do you have to sound so envious of Germany?

Sir you might be absolutely right but with yours “Europe will not save its way to growth” March 16, you come out, for the umpteenth time in some few weeks sounding just envious of Germany. Though Germany might indeed have benefited more than its fair share from the conditions previous to this crisis there is no way you could blame German frugality for causing it.

If instead you spent some time trying to point out a seemingly viable way to sustainable economic recovery I am most certain that most Germans, or all of those non Germans that lay their hands on Germany’s savings, will gladly help out to take us there. But, just in case let me remind you that sustainable recovery does not seem to have a great chance in a world where China buys even more cars than the US.