Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
"Germany will stubbornly (and foolishly) refuse to bear its share of the burden of the European adjustment, and the subsequent retaliation by the deficit countries will cause German growth to drop to zero or negative for many years."

What sort of retaliation would that be? Tariffs? Cut off energy or food supplies? Seems to me that if Germany has a globally competitive economy, there's not much that the rest of Europe can do about it.

by asdf on Wed Aug 31st, 2011 at 07:39:40 PM EST
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