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Risk of the German government collapsing appears higher than ever
In January, according to finance minister Lindner at the World Economic Forum in Davos, an espresso should have been enough to get the German economy back on track. This assessment has clearly changed over recent months. Further, the awareness in German politics has grown that the economy has lost international competitiveness over the last decade and that it is in the midst of cyclical and structural headwinds. This is nothing new if you have read ING research regularly or the Draghi report earlier this year. “Sick man” or not, the German economy has, on average not grown, over the last four years and is in need ... (full story)