Posted on 04/14/2019 7:04:07 PM PDT by Olog-hai
European economic power Germany is coming under increasing pressure to boost spending to accelerate economic growth, as its massive surpluses create growing friction with other countries.
The dispute has simmered since the 2008 global financial crisis, but French Finance Minister Bruno Le Maire warned Friday that widening differences over economic policy among eurozone countries could undermine the currency union itself.
“Growing economic divisions among member states are unsustainable in the long term and could result in the disappearance of the common currency project,” Le Maire told reporters on the sidelines of the International Monetary Fund and World Bank Spring meetings.
“Countries with solid budgets must invest more,” Le Maire said. “Those with the means shouldn’t hoard money for years and years, allowing growth to deteriorate.”
That was the same message pushed by the IMF itself, which on Friday again urged Germany to boost spending in order to accelerate growth and raise wages while reducing its budget and trade surpluses. …
(Excerpt) Read more at thelocal.de ...
For a country that was was basically a heap of rubble less than 75 years ago, the Germans are once again leading Europe. Something about the German culture ....
Who couldn’t see it coming? One of the major reasons why USSR when is a model for EU failed is it had places like Estonia and Tajikistan which weren’t even living in the same age tied together under single entity.
EU now has members like Romania which makes Mexico look like a rich developed nation in comparison. Also EU has association agreements and free travel with even much worse off places like Moldova and Ukraine.
Empire is not cheap.
It was a heap of rubble 95 years ago too. And for most of 19th century and before Germany wasn’t even a united country.
If you believe they won’t find a way to destroy itself again you need to work harder to research the German collective psyche.
That will lead to another war within the next 20 years :)
pull out all troops from Germany but keep the air bases, and hospital
We should be pressuring them to boot muzzies.
It is past time:) The wall came down 30 years ago.
Germany will be muslim in our lifetimes.
Socialism really hates success.
Why be succesful if the govt confiscates it and makes you out as an enemy. It claims it wants success for economic bragging rights but then punishes the successful solely for being successful, the very dam thing they claim they want to occur.
Yeah but they are messed up so bad with free speech gun rights and the muslim thing.
To be fair Germany and France both still has some free press. As contrary to some other formerly free countries.
“...the Scripture saith, “Thou shalt not muzzle the ox that treadeth out the corn,” and, “The laborer is worthy of his reward.” “
Even if he’s from another European country...
Yeah it’s coming. Just not sure when :)
I am kidding. They aren’t coming anymore. Germans will ruin themselves in another fasion this time.
I’d like to see it. Stuff like AFP, DPA, DW and the like (anything Axel Springer and Bertelsmann particularly) are quite unfree.
Sheesh.
I thought it was about pressure for Germany to boost its NATO spending!
Fair enough.
I just wonder what’s going to happen when Germany keeps getting fatter and more rich with a YUGE surplus while others are flailing down the line.
Vee haf vays...
Die Welt is rather conservative, Die Tageszeitung, Junge Welt are leftist. Both sides are consistent in their agenda and actually hearing each other. None is felt as one-sided propaganda.
You can’t same about mainstream media in US and UK.
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