Robust Germany is a Pillar of the Global Economy
Hans-Werner Sinn, Ifo Institute | May 4, 2009
Germany's economic stimulus efforts are comparable to the US'. ++ Strong financial, social welfare and regulatory systems have allowed Germany to absorb the shockwaves from the crisis and the nation is now boosting the global economy. ++ German households are in hardly any debt meaning consumption will actually increase in 2009. ++ The stability of German consumption is now the world's strongest economic pillar. ++ "Instead of belittling German efforts, the world should show Germany a little more gratitude".
