Something shifting in German fiscal state, US and European monetary policy roundtable
Tuesday 27 August 2019 Vol.10 Ed.35.1
Commentary: Something shifting in German fiscal state
By David Marsh in Berlin
Several factors are pushing Germany towards jettisoning its long-cherished ‘schwarze Null’ (black zero) commitment to balanced federal budgets. Realisation has been a long time coming. Germany’s economic partners and rivals, as well as the International Monetary Fund and Organisation for Economic...