Blå Pest over Tyskland

Tysklands strategi om at udkonkurrere eksportmarkederne ser ud til at have en indbygget svaghed, når eksportmarkederne udkonkurreres og ikke længere har råd til at importere. Nu skærer tyskerne også ned.

Germany’s ruling centre-right coalition agreed on Friday to trim overall spending and cut the government’s net borrowing requirement for 2013, even as its economics ministry warned of a further slowdown in growth. (...)

It will reduce total spending by 3.1 per cent to €302bn, compared with the expected outcome in the current year, and cut the budget deficit from €18.8bn to €17.1bn, thanks largely to increased tax revenues and reduced social security costs.

Når Tysklands økonomi begynder at skrumpe, vil der sikkert være overraskede bankøkonomer i aviserne.