Germany’s push for European fiscal prudence amid tepid growth and sovereign-debt burdens is “liable to send the euro zone into a deflationary spiral,” billionaire investor George Soros said.
German leaders have insisted on fiscal austerity measures in the euro zone while continuing to cut their own deficits as exports have led to the fastest economic growth since reunification. German gross domestic product grew at 9 percent in the second quarter and unemployment has continued to fall.
Read at businessweek.com
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