Klaus W. Larres, University of North Carolina at Chapel Hill
Germans are struggling like the rest of the world with the coronavirus. And while Germans have a strong safety net and medical system, one thing may fall victim to the virus: relations with the US.
With a relatively low debt to GDP ratio, Australia was never at risk of becoming Greece. But Germany, with negative interest rates and scant prospects for economic growth, is an open question.
There’s growing pressure on Germany to spend more to support Europe – and for good reason. But it’s proving to be a hard sell to the country’s leaders. Germany’s budget is balanced and the government insists…