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Merkel, Meet Keynes.(economic policy of German Finance Minister Peer Steinbruck and Chancellor Angela Merkel)(Brief article)
Byline: Stefan Theil
Barely a month after German Finance Minister Peer Steinbruck blasted fiscal stimulus programs like Britain's cut in the value-added tax as "crass Keynesianism," he and Chancellor Angela Merkel cobbled together a [euro]50 billion emergency spending package of their own last week. Why the sudden about-face? Besides rising clamor for Europe's largest economy to do more to stave off the drop in consumer spending and industrial investment, the crisis ...
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