iBankCoin
Joined Nov 11, 2007
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Economists and Analysts Warn Merkel Not to Ignore an Ailing Economy as it is the Growth Engine of Europe

 

“German Chancellor Angela Merkel’s economic machine is beginning to show signs of neglect.

As the continent’s growth engine and self-appointed fiscal paragon orders budget cuts for its peers, investors, economists and policy makers are starting to warn Germany is turning a blind eye to its own weaknesses. Joerg Asmussen, a European Central Bank board member nominated by Merkel, has gone as far as to predict a return to the status of “Sick Man of Europe” should they go unfixed….”

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