I’ve always been a fan of Angela Merkel. But I never thought I would be in agreement with her Social Democrat colleague and finance minister Peer Steinbruck. His criticism of Gordon Brown’s spending-splurge must have produced torrents of range in Downing Street. How dare anyone criticise the man who claims to have ‘saved the world’. Yet Herr Steinbruck’s analysis that this fiscal stimulus is not the answer is a powerful one – moreso from a country which saw the devastating impact of hyper-inflation in the 1930s which led to such political instability and far, far worse.
Well done, then, Germany. You have given the lie to Gordon Brown’s argument that the whole world is behind him. They aren’t. He’s gambling, and it’s all our livelihoods at stake. Be worried.
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