Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.
doener

Germany’s economy is built on Germans saving more than they consume. This creates powerful deflationary dynamics for the entire currency bloc. Germany has refused to accept slightly higher domestic inflation as a condition for letting the rest of the eurozone grow. Even now, German representatives on the European Central Bank’s governing board are demanding higher interest rates to placate irate German savers who are seeing no return on their money.

https://www.nytimes.com/2017/03/15/opinion/will-angela-merkel-save-the-west-dont-count-on-it.html?_r=0

Don't be the product, buy the product!

Schweinderl