Foreign Affairs Article

PrintPrint CiteCite
Style: MLAAPAChicago Close

loading...

Germany's Unsustainable Growth

Austerity Now, Stagnation Later

Author: Adam Tooze
September/October 2012
Foreign Affairs

Share

Germany seems like Europe's lone island of fiscal stability, but trouble lurks under its impressive export-fueled growth. An obsession with debt and austerity has blocked domestic investment as the country has ignored problems such as a shrinking work force and outdated infrastructure. Germany needs to borrow and spend more or face the end of its economic miracle.

Request permission to republish or photocopy this Foreign Affairs article.

Read full article at ForeignAffairs.com.

More on This Topic

Foreign Affairs Article

Rank Has Its Privileges

Authors: Alexander Cooley and Jack Snyder

When the Berlin-based group Transparency International released its annual ranking of international corruption levels in December 2014,...