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Germany is not in a position to print the reserve currency of the planet.

• 40acres 7y ago
  I'm not advocating for Germany to go all MMT here, but negative bonds are a clear indication that government has ample room for debt financing. Germany has notoriously poor internet service, investing in broadband infrastructure could help them transition into more of a service economy, which would be a smart hedge as the slowdown in Chinese consumption led to a slowdown in consumers buying German cars and a contraction last quarter. Also as mentioned, all the European players are big on tackling climate change -- why not fund solutions? Instead, Europeans leaders like Macron have gone with the politically infeasible route of higher petrol prices.
  • starbugs 7y ago
    Germany has invested substantially into tackling climate change. Google "Energiewende". Maybe also do some research on the internet infrastructure in Germany. It's a cartel. That's why service is so bad. I'm not saying I'm against good infrastructure investments. But just telling us to "keep spending" because "debt is cheap" won't cut it.
  • marcosdumay 7y ago
    Things may very well be different this time, but there aren't many examples of government backed internet investments working since the 80's.