I guess it is a very significant move. You have to understand that Lafontaine as finance minister was disliked by the Germany corporate sector . . . What we did see in Germany is that the economic situation deteriorated quite sharply from October onwards. If you like, it was to some extent homemade. |
It is an irony of history that Germany was once the country imposing the stability pact, ... It was worried that other countries would derail the success of the euro... Now it's Germany itself that looks likely to be the culprit. |