Re: Stephen Roach schimpft über die EZB

verfasst von PuppetMaster, 07.03.2003, 15:39

-->Unfortunately, Germany has entered this recession
with only a 1% inflation rate, implying that it wouldn’t take much of a contraction to
tip fully one-third of the Euroland economy into deflation. Yet there doesn’t seem to
be much leeway in the rigid EMU policy framework to give Germany special
treatment. That’s precisely the problem. For a nation whose current structural
dilemma goes back to the uneconomic terms of German reunification in 1990 — a
one-for-one exchange rate between the high-productivity West and the
low-productivity East — some policy flexibility is essential.


und singt kein loblieb auf kohl...

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gesamter Thread:

• Stephen Roach schimpft über die EZB - kingsolomon, 07.03.2003, 15:15
  • Re: Stephen Roach schimpft über die EZB - PuppetMaster, 07.03.2003, 15:39