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> I keep reading about how Germany's "zero debt" economic policy is bad for the country, and how bleak Germany's future is. That is, everyone seems to agree on
by bildung 12y ago
> I keep reading about how Germany's "zero debt" economic policy is bad for the country, and how bleak Germany's future is. That is, everyone seems to agree on this... except for the Germans, who say nothing about it while they continue being one of the top 5 economies in the world.
Staying in the top 5 means maintaining growth. Growth can be domestic or from exports - Germany could either keep depressing local wages, thus furthering exports, or stop depressing local wages and neglecting infrastructure and education, thus furthering domestic growth. As I understood it, the argument of the critics is not about growth, its pointing out that Germanys export strategy creates massive collateral damage both in Gemany and in the Euro zone.