Home > EMU Crisis, Germany > Lilliput in Deutschland
  1. November 14, 2013 at 1:14 am

    Dear professor,
    do you think that it is just a case that only now, for the first time, the States blame Germany for its political economy? Doesn’t it have anything to do with the American shutdown? I would like to know your opinion about it… thanks.


    • November 14, 2013 at 1:16 pm

      Thanks for your comment. The excess savings of a few countries are a long standing problem, that goes beyond the current crisis (even more so current events in the US). The American treasury seems to have understood that excess savings (and excess spending, of other countries, that are the counterpart) cannot lead to balanced growth in the long run.


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