SHANGHAI – Germany is against the world’s major economies launching a fiscal stimulus package in the face of slowing global growth, its finance minister said Friday.
“Thinking about further stimulus just distracts from the real task at hand,” Wolfgang Schaeuble told a conference ahead of a G20 finance ministers meeting, adding that Berlin does “not agree on a G20 fiscal stimulus package”.
As reported in the Bangkok Post.
Dear me – history doth repeat.
Cause – cut off money.
Effect – culling of bankers and bulls.