On Jul 2, 2010, at 5:24 AM, Angelus Novus wrote:
> Why would domestic austerity hurt German export markets? Aren't Germany's low-wage policies the key to its export success?
Germany has kept a lid on wage increases, but its wage levels aren't exactly low.
That aside, I meant the effect of imposing austerity - deep recession - on the rest of Europe, and pressing for broader austerity within the G20. Won't that put German exports at risk?
Doug