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‘A Tragic But Important Lesson’: In Germany, Fear Of Deficit Demon Collides With Recession Reality
"[It's] certainly very welcome", Christine Lagarde said in Wiesbaden, commenting on news that Germany may be set to temporarily suspend its constitutional debt brake amid an extremely vexing manufacturing slump and, now, a burgeoning pandemic that threatens to make a bad situation worse.
"I don’t know enough about the overall project that has been briefly mentioned and announced, but I would say that any fiscal measures intended to support the economy are certainly very welcome, particularly
And if the Germans think the landscape is ugly now, just wait until the US Consumer crumbles as a result of the virus-induced contraction. Look our below…