German model is ruinous for Germany and deadly for Europe.
October 22, 2014
In my blog of 16 October ‘Post-script from France’ I said ‘Like other Europeans [the President of France] hopes that the German economic engine will help power France and the rest of Europe, but the German economic engine has slowed down considerably.’
Ambrose Evans-Pritchard, in the London Telegraph paints a very discouraging account of Germany and its prospects. He says ‘France may look like the sick man of Europe, but Germany’s woes run deeper.’
For Evans-Pritchard’s account, see link below. John Menadue
John Menadue
John Menadue is the Founder and Editor in Chief of Pearls and Irritations. He was formerly Secretary of the Department of Prime Minister and Cabinet under Gough Whitlam and Malcolm Fraser, Ambassador to Japan, Secretary of the Department of Immigration and CEO of Qantas.