Germany’s Financial Conversion — Leaders Undergo a Change of Heart, Pledging to Assist Ailing Neighbors
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BERLIN, Feb. 25 — Germany is the world’s leading exporter and fourth-biggest economy, but during the global financial meltdown, it has also been among the most tightfisted. For months, German leaders have warned that spending and lending huge sums to fend off recession — such as the United States’ $787 billion stimulus package — will backfire in the long run.
admin @ February 26, 2009