Posted on 10/31/2013 1:37:30 PM PDT by Olog-hai
A day after a US Treasury Department report bluntly denounced Germanys economic model, accusing it of hampering the eurozone recovery and hurting global growth, Germany called the conclusions incomprehensible and challenged the US to analyze its own economic situation.
The Treasurys semiannual currency report criticized Germanys over-reliance on exports, a high current-account surplus and weak domestic demand. These factors have hampered re-balancing at a time when many other euro-area countries have been under severe pressure, the report concluded, citing budget tightening in the euro periphery. The net result has been a deflationary bias for the euro area, as well as for the world economy.
On a trans-Atlantic level, however, the Treasury report may only complicate relations between Germany and the US, which were strained earlier this month following allegations that the US spied on Chancellor Angela Merkels cell phone.
(Excerpt) Read more at spiegel.de ...
I honestly believe, and this is based from firsthand experience, that our government is hated far more then we, the people. This was the same case in the USSR in the 80’s—the people, for the most part were simply caught up in the communist crap, and were simply trying to live what life they could under the circumstances.
The US is still trying to recover from that analysis.
Only the most ignorant Free Trade Communist would whine because another country “exports too much”....
Germany obviously didn’t ship all their factories, jobs, and wealth to Communist China
Be intetesting to see the comments of the FR Free Trade Commies who troll on here. I want to hear them defend their fellow Free Trade Commies in the Obama Admin
This may be a first. I find it hard to imagine Germans “seething” about anything. The very idea sounds odd, like a German banjo band.
Because Obama got caught spying on German PM and their PM insults Obama. We must go to snit fit war.
By the time Obama leaves, North Korea and the Taliban will be our only friends.
They just LOVE America again!
But we beat them at Midway.
Keep in mind that the Secretary of the Treasury over drew his credit line, the debt ceiling, by ~ the $300 billion he borrowed the minute the ceiling was lifted.
The Germans are pikers compared to the Criminal Enterprise that is the Democrat Tyranny
I so agree!
The current administration sure has improved America’s standing in the eyes of the world, hasn’t it?
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