Euro stimulus: Pfad zu Wachstum

Germany has the largest economy in Europe and the hardest hit by the global slump. But it is resisting calls from other European governments to play a fuller role in a continent-wide stimulus plan expected from the EU Commission this week. The German government has already taken measures worth E32bn – roughly 1% of the country’s GDP – to boost the economy. But it should do more, if only to give Europe a chance. In many ways Germany is being asked to pay for its past virtues. The strong performa...