Bernard Tan: Germany Is Hardly A Paragon Of Fiscal Virtue
Comment of the Day

August 22 2011

Commentary by David Fuller

Bernard Tan: Germany Is Hardly A Paragon Of Fiscal Virtue

My thanks to the author for latest of his independent reports. Here is a brief sample:
Germany is a country with a great industrial base. Unfortunately, it is also a country that has one of the most bloated and overpaid public sectors in the developed world. In addition, the massive pool of savings and surpluses generated by its industrial base has been very poorly deployed by its large and very incompetent banking sector.

David Fuller's view This view from Asia is interesting, albeit unsettling. I would welcome some feedback from those who are more familiar with Germany than I am.

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