06 January 2009
Germany Gets Fiscally Jiggy
Yep, it appears that Germany is taking baby steps away from their inflation phobia, and starting to embark on some serious fiscal stimulus, to the tune of €50 billion over two years.
It's been 80 years, but the thought of a wheelbarrow of Deutsche Marks for a loaf of bread is still a part of their institutional memory.
It's been 80 years, but the thought of a wheelbarrow of Deutsche Marks for a loaf of bread is still a part of their institutional memory.
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