Merkel warns on further stimulus
“This crisis did not come about because we issued too little money but because we created economic growth with too much money, and it was not sustainable growth,” said Ms Merkel. “If we want to learn from that, the answer is not to repeat the mistakes of the past.”
“I think China can do much more [than Germany] to encourage domestic demand because of its massive reserves. We are in a completely different situation, we have negative reserves,”
