Thursday, February 2, 2017

What's gone wrong with Germany?

What's gone wrong with Germany?

Federico Fubini, Project Syndicate
   It's not a surprise that Italy and Greece boast the weakest per capita GDP growth in Europe. But for Germany to be third on the list? Europe's biggest economy is not just undergoing a productivity crunch: its banks are withdrawing from the rest of Europe, its citizens are saving but not investing, and its politicians have passed few meaningful reforms. Has a focus on exports distracted Berlin from its domestic problems?