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> Germany was and is still fooled by it. That is why Greece was treated the way it was after the Lehman crash in 2008. With or without that study, Greece would
by mo_42 3y ago
> Germany was and is still fooled by it. That is why Greece was treated the way it was after the Lehman crash in 2008.
With or without that study, Greece would have been treated this way. Saving money is burned so much into German culture that none of the recent German ministers of finance can forget their microeconomic views and adopt macroeconomic views.
This goes way back to the end of the 1920s when the German government decided to save money during the great depression.
Also, in Berlin there was a museum about saving money [1].
[1]: https://www.dhm.de/en/exhibitions/archive/2018/saving/ https://www.dhm.de/en/exhibitions/archive/2018/saving/
- croes 3y agoThat's right but the infamous 60% debt limit gave them some kind of scientific reasoning.