New York Times reporter Mark Landler believes that Germany is sliding into a recession:
In their semiannual report on the German economy, submitted Tuesday,
the six institutes said: "Almost no other country in the European Union
has had a development in recent years that was so unfavorable.
Obviously, the German economy is suffering from fundamental weakness."Given
such weak underpinnings, economists said it was quite possible that the
German economy, Europe’s largest and an engine for much of the
Continent, could fall into a recession – classically defined as two
consecutive quarters of contraction.But this, they said, would scarcely be different from the current state of affairs.
"Trend
growth in Germany is now so low that you can easily meet the technical
definition of recession," said Thomas Mayer, the chief European
economist at Deutsche Bank in London.
Fortunately, Jeff Gedmin of the Aspen Institute Berlin has the answer for Germany: a revolution!
Laßt Ihnen freien Lauf, den Verrückten! Vielleicht ist es Zeit für eine
Revolution in Deutschland. Zur Auflockerung würde ich empfehlen, ein
paar Aktien zu kaufen. Oder mal bei Rot über die Ampel zu gehen. Oder
beim nächsten Umzug das Einwohnermeldeamt nicht zu informieren …
Guten Morgen, Deutschland. Wer weiß schon, was der nächste Tag bringen
wird?!
Brilliant! Buy a few stocks and dare to jaywalk! Who pays for this neocon think tank? Oh.
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Good to see than there is somebody who thinks that germany needs to be rescued – till now we always think the pension is safe and we can do what we did in the past.
“Weiterso Deutschalnd.”