Berlin rejects spending its way out of recession

Article reports that Germany is resisting pressure, November 2008, to follow the US and other European economies in spending its way out of the recession. Politicians and civil servants around Angela Merkel, chancellor, have no shortage of arguments why going down the Keynesian route would be wrong.

ESO: Background information: Call for ambitious German stimulus http://www.europeansources.info/record/call-for-ambitious-german-stimulus/

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