Germany finally has a government. That is the good news. Following about six months of political stagnation, election campaigning and coalition negotiations attention can now be turned away from personnel issues toward the much more important factual ones. This is where the bad news comes in. The government’s programme does not present a consistent economic policy. It is a compromise based on the smallest common denominator, a hotchpotch of different individual measures born of necessity.
Full article available only as PDF