Nov
13

Berlin Boost

Since 2006, Germany has been running annual trade surpluses of over 6% of GDP, making it hard for Southern European nations to export their way to prosperity. While the EU is employing harsh adjectives with Berlin in an attempt to make Germany change its way, Europe’s best hope is to have the left-leaning Social Democrats join Merkel’s coalition and demand expansionary fiscal policy, leading to faster growth and more imports.

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