Tensions over German economic policy are rising to a new pitch, which even the proposed bail-out for Greece will not relieve. As I argued here five weeks ago, the effects of high German saving on the world economy are similar to those of high Chinese saving. Interestingly, the German response to international criticism is similar to the Chinese defence. A new economic entity has sprung up: what Martin Wolf has called "Chermany". 28 Mar 2010Roger Bootle
Roger Bootle is one of the City's leading economists. In his column he sheds light
on how the UK and world economies are performing and the challenges facing the
world's policymakers.
LATEST FROM ROGER BOOTLE
Germany and China's national economic policies
have become a source of global concern
Sunday, 4 April 2010
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